Liquid staking lets you earn SOL rewards while keeping your stake available to use. When you stake SOL, you receive Phantom Staked SOL (PSOL). PSOL earns staking, MEV, and priority fee rewards automatically.

Your PSOL balance stays the same, but each PSOL can become worth more SOL over time. You can unstake PSOL for SOL or use PSOL in supported DeFi apps.

Stake SOL for PSOL #

Mobile app #

1. Search for Phantom Staked SOL (also called Staked Solana).
2. Tap Stake.
3. Enter the amount of SOL.
4. Tap Review.
5. Review the details, then tap Confirm.

Browser extension #

1. Search for Phantom Staked SOL.
2. Click More > Stake.
3. Enter the amount of SOL.
4. Click Next.
5. Review the details, then click Stake.

Your PSOL appears in your wallet when staking completes.

Convert a native SOL stake to PSOL #

If you already have SOL staked with a validator, you can convert the stake to PSOL.

Mobile app #

1. Open Solana from your token list.
2. Under Native Stakes, tap Other.
3. Tap the stake account.
4. Tap Convert to PSOL.

Browser extension #

1. Open Solana from your token list.
2. Under Native Stakes, click Other.
3. Click the stake account.
4. Click Convert to PSOL.

Phantom deactivates the native stake before converting it to PSOL.

Use PSOL in DeFi #

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

1. In the Phantom browser extension, open Phantom Staked SOL.
2. Click More > Deposit with Kamino.
3. Connect Phantom to Kamino.
4. Continue on Kamino.

Unstake PSOL #

Unstake PSOL to convert it back to SOL. A 0.1% exit fee applies.

Mobile app #

1. Open Phantom Staked SOL (also called Staked Solana) from your token list.
2. Tap Unstake.
3. Enter the amount, then tap Review.
4. Tap Confirm, then Continue.

Browser extension #

1. Open Phantom Staked SOL from your token list.
2. Click More > Unstake.
3. Enter the amount, then click Next.
4. Review the details, then click Unstake.

Phantom normally uses reserve liquidity to return SOL to your wallet immediately.

If there isn't enough reserve liquidity, your PSOL converts to a native SOL stake instead. You'll need to unstake and withdraw it manually. See Unstake SOL.

View your liquid staking rewards #

PSOL rewards aren't currently available to view in the Phantom mobile app.

To view them, sign in to the same wallet in the Phantom browser extension and open the PSOL token page.

How PSOL rewards work #

Your PSOL balance doesn't increase as you earn rewards. Instead, the amount of SOL each PSOL represents changes over time.

For example, if your PSOL becomes worth 0.003 SOL more than when you staked, Phantom shows that difference as You've earned 0.003 SOL.

Rewards typically update at the start of each Solana epoch, which lasts about 2 to 3 days.

Fees #

Common issues #

"You haven't earned SOL yet" #

If you recently staked, your rewards may not have updated yet.

PSOL rewards typically update at the start of each Solana epoch, which lasts about 2 to 3 days. The 0.1% exit fee also affects the amount shown as earned.

Once rewards exceed the exit fee, your earnings appear on the PSOL token page.

FAQ #

What can I do with PSOL? #

Hold PSOL to keep earning rewards, unstake it for SOL, or use it in supported DeFi apps such as Kamino.

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

Each PSOL can represent more than 1 SOL as the pool earns rewards. As its value increases relative to SOL, the same amount of SOL gives you fewer PSOL.

Is PSOL safe to use? #

PSOL uses the audited Solana stake pool program, which has undergone nine audits. Phantom doesn't take custody of your tokens.

Is PSOL non-custodial? #