Liquid staking lets you earn on your Solana (SOL) while keeping it liquid. Stake your SOL and you receive Phantom Staked SOL (PSOL) in return. PSOL automatically earns staking rewards, MEV rewards, and priority fees. Your PSOL balance does not change, but each token becomes worth more SOL over time. Redeem PSOL for your SOL plus rewards anytime, or use it in supported DeFi apps.

Stake SOL for PSOL #

Convert an amount of SOL that you hold into PSOL and start earning rewards.

Mobile app #

1. Search for Phantom Staked SOL (also called "Staked Solana").
2. On the token page, tap Stake.
3. Enter the amount of SOL.
4. Tap Review and review the details.
5. Tap Confirm.

Browser extension #

1. Search for Phantom Staked SOL.
2. On the token page, click More → Stake.
3. Enter the amount of SOL.
4. Click Next and review the details.
5. Click Stake.

Your PSOL appears in your wallet once staking completes.

Convert a native SOL stake to PSOL #

If you already stake SOL with a validator, you can convert that native stake account to PSOL.

Mobile app #

1. In your token list, open Solana.
2. Under Native Stakes, tap Other.
3. Tap the stake account you want to convert.
4. Tap Convert to PSOL.

Browser extension #

1. In your token list, open Solana.
2. Under Native Stakes, click Other.
3. Click the stake account you want to convert.
4. Click Convert to PSOL.

Phantom deactivates the account first, then completes the conversion.

Use PSOL in DeFi #

You can lend and borrow against your PSOL on Kamino Finance.

Browser extension #

1. In your token list, open Phantom Staked SOL.
2. Click More → Deposit with Kamino.
3. Connect your Phantom wallet to Kamino.
4. Continue on Kamino's website.

Unstake #

When you unstake, you get back SOL minus the exit fee. If you've held PSOL for a while, you get more SOL than what you put in, because PSOL grows in value relative to SOL over time.

Mobile app #

1. In your token list, open Phantom Staked SOL (also called "Staked Solana").
2. Tap Unstake.
3. Enter the amount you want to unstake, then tap Review.
4. Tap Confirm, then Continue.

Browser extension #

1. In your token list, open Phantom Staked SOL.
2. Click More → Unstake.
3. Enter the amount you want to unstake, then click Next.
4. Review the details and click Unstake.

Phantom uses reserve liquidity to instantly deposit your SOL back into your wallet.

If the reserve runs short, your PSOL converts to a native SOL stake account. The funds are with you, but you need to unstake and withdraw them manually. Follow the steps in Unstake SOL.

View your liquid staking rewards #

Viewing PSOL staking rewards is temporarily not available in the Phantom mobile app. As a workaround, download the Phantom browser extension and sign in to the same wallet there. Your rewards will appear on the PSOL token page.

PSOL reward calculation #

Unlike native SOL staking, where rewards arrive as extra SOL, liquid staking indicates how the PSOL-to-SOL rate has moved since you staked.

Example:

1. You stake 1 SOL and receive 0.980 PSOL. Each PSOL is already worth more than 1 SOL because it reflects the rewards the pool has earned so far.
2. After one full epoch, the PSOL rate rises from 1.000 SOL to 1.003 SOL. Your 0.980 PSOL is now worth 1.003 SOL. You see "You've earned 0.003 SOL."
3. In the next epoch, the rate moves from 1.003 SOL to 1.001 SOL. Your 0.980 PSOL is now worth 1.001 SOL. You see "You've earned 0.001 SOL."

Reward updates usually appear at the start of a new Solana epoch, which lasts about 2 to 3 days.

Fees #

Common issues #

"You haven't earned SOL yet" #

If you're seeing "You haven't earned SOL yet" on the PSOL token page, you might still be earning rewards. A couple of reasons:

• Epoch timing. Rewards only update at the start of each Solana epoch. If you just minted PSOL, none appear until the first update.
• Exit fee. Each unstake or swap out of PSOL charges a 0.1% fee in PSOL. For example, at about 7% APY, holding PSOL for 5 to 6 days earns it back. Frequent unstaking can keep your rewards flat until enough time passes.

Once your first epoch completes and you've held PSOL long enough to offset the exit fee, your rewards appear.

FAQ #

What can I do with PSOL? #

Hold PSOL to keep earning rewards, or use it in DeFi apps like Kamino.

Is PSOL safe to use? #

PSOL is built on the audited Solana stake pool program, which has undergone nine audits. Phantom never has custody of your tokens.

Why did I receive fewer PSOL than the amount of SOL I staked? #

Because PSOL grows in value over time, each token is worth more than 1 SOL. So the same amount of SOL mints fewer tokens.

Can I still use native staking? #

Yes. Native staking remains available in the Phantom browser extension.

Is PSOL non-custodial? #

Yes. Your crypto is always in your control.