Stake Solana (SOL) with SolFlare Wallet and Ledger Nano

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In this step-by-step guide, we'll walk you through how you can stake your Solana (SOL) using Solflare Wallet and Ledger Nano S/X.

To start contributing to the security of the Solana Network, you'll need to follow these simple steps:

Step 1. Install the Solana App on Ledger

First of all, download the Ledger Live app on your device and connect the Ledger device. In Ledger Live, via Manager, search for Solana in the App catalog. Click on “Install” after.

At the moment of writing the latest version of Solana application is v1.0.2. If you have an older version make sure to update it to v1.0.2.

If all settings are correct, you are ready to start using Solflare.

Step 2. Connect your Ledger to Solflare wallet

Go to Solflare.com and click "Access" button.

Choose “Using Ledger Nano S/X” and click “Access Wallet”.

Open the Solana App on your Ledger and connect your device. Choose the derivation path one available option (Solana — 44'/501'/) and select your address in the bottom drop-down section.

Click the “Access” button and approve this on your Ledger device to successfully enter your account.

After successfully completing the steps above, you will find yourself in the main menu of Solflare where you will find information about your wallet account address, your balance, and your most recent transactions.

Step 3. Create a staking account

To Create a staking account you can either press “Get started” or select the “Staking” tab and then click on “Create Account”.

Choose the amount you want to transfer from your Wallet Account to your Stake Account  and click “Next”.

Leave some SOL in your wallet to pay for transaction fees. Since they are very low at Solana, leaving ~1 SOL in your wallet in your account should be more than enough.

Confirm the transaction on your Ledger device.

This ends the creation of the Solana staking account. You can see all of those on the main menu of Solflare.

Now you're ready to stake!

Step 4. Stake your SOL

On the Solflare main screen, you'll see all the accounts and balances you have created. To start staking your SOL tokens, select the related staking account and click the "Delegate Now" button.

In the window that opens, select P2P.ORG - P2P Validator and click “Next” button.

You will have to verify and confirm your delegation on your Ledger device. Navigating to “Approve” screen, then confirm by pressing both buttons on the device.

Some points worth noting:

If you have any questions, feel free to ask in our Telegram chat

About P2P Validator

P2P Validator is a world-leading non-custodial staking provider securing more than $350 million from over 4,000 delegators across 25+ top-notch networks. We were early investors in Solana and have supported the network from the first block, taking part in all stages of testing and voting.

Web: p2p.org
Stake SOL with us: p2p.org/solana
Twitter: @p2pvalidator
Telegram: t.me/P2Pstaking

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Paul P

Product manager at p2p.org

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