Earn 10% by Staking Solana with SolBlaze.

Welcome to a world where earning a passive income through cryptocurrency staking is exciting and achievable.

In this hands-on guide, you’ll discover how to rake in more than a stunning 10% yield with SolBlaze, a platform that’s hit the crypto scene with promises of high returns on your investment. So, buckle up, and let’s jump into the heart of this tutorial.

First and foremost, for anyone pacing back and forth wondering what Solana or SolBlaze are, let’s demystify these terms together before diving into the staking pool. Solana is a high-performance blockchain supporting builders around the globe who are creating crypto apps that scale today. Solblaze, on the other hand, is a platform built on Solana’s blockchain framework; it’s a bridge allowing investors to stake their Solana (SOL) tokens and earn substantial rewards for their investment.

Get To Know SolBlaze

You can find them on Twitter and navigate from the link tree to the SolBlaze website. SolBlaze isn’t just another cryptocurrency platform; it’s a treasure trove of tools for crypto enthusiasts. There are a couple of ways to get your hands on some Solana, which is crucial for network transactions. However, the staking function is capturing our undivided attention today.

Staking with SolBlaze

If you're like me, you'll head straight to the staking feature upon landing on the SolBlaze website. And there, the magic number is displayed in bold: an estimated APY of 12.55%. Yes, you read that right. While the date reads September 2023 at the time I recorded this tutorial, these figures are subject to change. So strike while the iron—or, in this case, the APY—is hot!

Dive into the BLZE 0.00%↑ Token

SolBlaze should be applauded for its airdrop rewards model. A solid 5.49% of your rewards will spawn from the BLZE 0.00%↑ token. Speaking of the BLZE 0.00%↑ token, it’s been a solid performer over the past quarter. Let’s not dwell on its launch phase, which might have experienced a hiccup or two; the token has stabilized and is faring quite well. When it comes to its future, that’s the crystal ball we all wish we had. Picture it as a high-stakes game of speculation, where being proactive could lead to influencing validator preferences akin to the well-known marinade token.

Get Your Stake On

Let’s get back to staking. As you prepare to stake SOL, you can nestle comfortably in your DeFi wallet or whichever staking wallet tickles your fancy. Here’s a tip: when you select the amount to stake, remember to set aside a little ‘gas money’ for those pesky transaction fees.

A toast is in order! You’ve successfully staked your SOL. And while we won’t delve into it right now, your DeFi rewards tab is a gateway to additional yield opportunities for another day.

Virtually Risk-Free?

Circling back to the risk factor, SolBlaze rests its laurels on the same framework as the Solana Foundation staking pool, akin to JitoSOL, as previously mentioned. What does this mean for you? Your stake is as secure as it would be directly with validator.com, making it a safe bet in the occasionally wild west of the crypto world.

SolBlaze: A Closer Look

The force behind SolBlaze may be a solitary figure maintaining anonymity, but folks over at Solana Labs have verified them to instil a sense of trust. The platform is a rising star, now staking over 401,000 SOL across an impressive slate of 245 validators.

Don’t Forget the Unstake

When you decide it’s time to close your position, SolBlaze's unstake feature is at your service. A 0.3% fee applies, or you can opt for a delayed unstake at 0.1%.

Refer, Swap, Customize

Sharing is caring, as they say. You can summon friends to the SolBlaze camp and earn more. Swaps are effortlessly executed on Jupiter with negligible price impact and trading fees absorbed by liquidity providers — an easy route for many.

For those who love customization (don’t we all?), SolBlaze has something special. You can support validators directly, like validator.com, and stake with them, upholding the health of the ecosystem.

Bottom Line: Is SolBlaze for You?

So there you have it — a whistle-stop tour of how to harness the power of SolBlaze and stake your SOL for an impressive return. Remember, the crypto waters are deep and sometimes murky. Dive in informed and swim with confidence.

In our upcoming posts, prepare to dive deeper as we reveal how to use your liquid-staked tokens in the DeFi playground to scoop up even more yield.

Until next time, stay curious, keep learning, and I’ll see you in the digital cosmos!

Disclaimer: This is a helpful blog. Follow me on my socials, but remember this is NOT FINANCIAL ADVICE. I am making this content as a community member because it is great to learn crypto, playing on Solana is fun, and it is easy to onboard friends into the space with a game like this.
My opinions are my own; research more if you wish, and if you decide to degen, that is your decision!

Follow me on X: https://x.com/SebMontgomery