Thread by @GenesysGo

1) A quick primer on how to stake SOL tokens (with GenesysGo)!
Obviously, we all love @solana and especially our $SOL tokens. If you're a long term investor, planning to hold your SOL until it is $1k+ and beyond, then it's important you are getting the most out of your tokens.

2) By staking your Solana tokens you are directly helping to power the network! In return, you are paid an APR in SOL that compounds into more SOL. It's important to note, staking a Layer 1 token (like Solana) is different than staking a Layer 3 like Raydium.

3) APR for staked Solana tokens is calculated based on the performance of the validator node you stake with. Validator nodes are one of the engines that power Solana by voting on and building blocks. The better a validator performs, the more APR it generates for you!

4) APR rates fluctuate over each cycle. Stakeview.app is a great site for checking to see which validators consistently have strong performance. Stakeview combs the Solana Explorer and pulls together all the APR paid out by each validator node and compiles that info.

5) SOLFlare.com is one of the most popular sites to stake your SOL tokens as you can choose the validator you want to stake your tokens with. If you don't have a wallet with SolFlare then you'll need to create one. solflare.com/create-wallet - Just follow the steps!

6) Once you have $SOL in your SOLFlare wallet, you then create what is called a "Stake Account". You can do this on SOLFlare, but if you already have a specific validator in mind, it's faster to connect your SOLFlare wallet to Solanabeach.io
solanabeach.io/validator/AKoV…

7) Yes, we are totally being self serving and showing you the link for how to stake with our validator... my thread, my rules 🤣 Besides... GenesysGo has incredibly high performance (often times the best on the network, knock on wood...) and, come on... help support the new kid!

8) Allow solanabeach.io to connect to your SOLFlare wallet and then enter the amount of SOL you would like to stake (with GenesysGo... right? Definitely, good on ya!). Click "Next", approve the transaction and then wait for SOLFlare to update!

9) After that, you can see your "Stake Accounts" on SOLFlare.com! Every 66 hours (or one epoch), the system will calculate the number of blocks your chosen validator built (thanks to you and your tokens) and voted on and then pay out your SOL rewards!

10) Congrats! Your investment is now earning you APR and your are accruing more and more SOL tokens as time goes on! If you have trouble with SOLFlare.com or Solanabeach.io, the SOL discord (discord.gg/solana) has support channels dedicated to both!

11) Thank you for helping to power the Solana! Additionally, THANK YOU THANK YOU THANK YOU for choosing to stake your tokens with GenesysGo.com. Don't hesitate to reach out if we can help! Happy trading!
#SolanaSummer #Solanaairdrop #Solana #samoyed #stakepool #DYOR