You can earn staking rewards on your SOL using Phantom’s liquid staking feature. It works in both the Phantom browser extension and mobile app.
With liquid staking, you can:
- Convert SOL to PSOL (Phantom Staked SOL), a token that increases in value as rewards accumulate.
- Earn up to 9% APY (check the actual number in the app when staking).
- Unstake anytime by converting to a native SOL stake or swapping to SOL.
Convert SOL to PSOL
Whether you have existing stakes or are new to staking, you always start with the SOL in your wallet.
- Open your Phantom browser extension or mobile app and select Solana in your wallet view.
- Select the Start earning SOL button.
- Choose Liquid Staking from the two available options.
- Enter the amount of SOL you want to stake, then select Next.
- Review the details and select Stake to complete the process and mint your PSOL.
Once you convert your SOL to PSOL, you can hold PSOL in your wallet to earn rewards.
Convert from JitoSOL
It’s not possible to directly convert JitoSOL to PSOL. If you currently hold JitoSOL, you’ll need to unstake it first (through Jito), withdraw your SOL, and then convert your SOL to PSOL.
Unstake PSOL
You can unstake PSOL by manually withdrawing from your stake account or by swapping to SOL in Phantom:
- Delayed unstake, which requires that your stake be deactivated before you can withdraw your SOL. This method takes 2-3 days and charges a 0.1% fee.
- Swap PSOL to SOL using Phantom’s in-app Swapper. This method is typically instant and charges regular swap fees. If liquidity is low, you may want to retry a few times.
Note: Make sure you have enough SOL in your wallet to cover network fees. Keeping at least 0.05 SOL is usually sufficient for several transactions, including unstaking and withdrawals.
Unstake PSOL with delayed unstake
- Open Phantom and select Phantom Staked SOL in your wallet view.
- Select the More button (three dots on the right side).
- Select Unstake.
- Enter the amount of PSOL you want to unstake, then select Next. Your stake will be moved from the pool to a new stake account in your wallet.
- Go to the Your Stake screen. Find the new stake account (it will show as “Active”), open it, and select Unstake.
Your stake account will begin deactivating, which takes about 2–3 days. Once its status changes to "Inactive," return to the account and select Withdraw stake to move the SOL back to your wallet.
Unstake PSOL by swapping to SOL
You can swap PSOL to SOL in your Phantom browser extension or mobile app. This is done through Phantom’s Swapper, where you select PSOL as the input and SOL as the output.
For more information, see How do I perform a swap in Phantom?
How PSOL rewards work
PSOL is a liquid staking token. Instead of receiving payouts, your rewards are reflected in the token’s value—each PSOL becomes worth more SOL over time.
Staking yield comes from:
- New SOL issuance (around 7.53% APY)
- MEV (maximum extractable value) tips
- Priority fees
MEV tips and priority fees vary with network usage. An 8% protocol fee is applied to total staking rewards. After fees, you can expect to earn up to 9% APY.
To check your rewards:
- Monitor the exchange rate between PSOL and SOL.
- View the PSOL token page in your Phantom wallet.
Rewards are added to the stake pool periodically and reflected in the PSOL price.
Safety and protocol design
Phantom liquid staking is built on the audited Solana stake pool program. Your SOL is staked across multiple validators managed by Phantom. All rewards and balances are tracked on-chain, and Phantom does not have custody of your tokens—you can redeem them independently at any time using the blockchain.
In the event Phantom sunsets this feature, you would still be able to access and redeem your PSOL using any Solana-compatible wallet or interface.
FAQ
What can I do with PSOL?
Right now, PSOL is designed for staking only. We are actively exploring more use cases such as lending, providing liquidity, or serving as collateral.
Is PSOL safe?
Liquid staking makes sense for most people, but there are risks. PSOL is built on the stake pool program developed by Solana Labs, which has been audited nine times. As always, you should DYOR to determine if liquid staking is right for you.
Why did I receive fewer PSOL than the amount of SOL I staked?
PSOL increases in value over time. As the price of PSOL rises, each token is worth more SOL—so you receive fewer PSOL tokens for the same amount of SOL.
Can I still use native staking?
Yes, native staking remains available in Phantom as a separate option.
What fees apply?
An 8% fee is applied to staking rewards (not your SOL). This fee is built into the protocol and does not require action on your part.
Can I use PSOL in DeFi?
Not yet, but support for DeFi integrations is something that’s coming.
Is PSOL non-custodial?
Yes. Your tokens are always in your control. You can unstake or redeem PSOL using the Solana blockchain, even without Phantom.