SOL Staking Risk

SOLANA (SOL)

STAKING SOL

Staking rewards are computed and distributed after each successful epoch which is 2 days. If a reward is accrued during an epoch, it will be issued upon the completion of the epoch. Satstreet will provide statements to users indicating the amount of the rewards that the user is entitled to as well as the total rewards that were earned and any fees payable. For each epoch, your share of SOL rewards is proportional to the amount of SOL that you had staked when the epoch began.

STAKING FEES

Each crypto asset for which Satstreet provides staking services is subject to specific fees because of the unique nature of each blockchain network. These fees are calculated on a percentage basis in relation to the amount of rewards earned. Satstreet’s service fee may be up to 30% of net rewards earned by a user.
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With respect to any rewards earned on your staked SOL: (i) Satstreet’s validator, Coinbase Cloud, will be entitled to a fee and may pay a portion of that fee to any third-party service providers; (ii) any remaining portion of the rewards (the “Net Rewards”) will be delivered to one of Satstreet’s custodial wallets; (iii) Satstreet will be entitled to a fee of 30% in respect of the Net Rewards (the “Satstreet Services Fees”); and (iv) after the Satstreet Service Fee has been paid, your account will be credited with any remaining portion of the rewards, and, subject to any unbonding, lock-up or cooling-down period, you will be able to hold, sell or withdraw your rewards.

Supported Validators

Currently, the third-party service provider we use is Coinbase Cloud. Coinbase Cloud and is one of the world’s largest blockchain infrastructures and services providers.
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Epochs

Each epoch lasts two days.

Slashing
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Validators miss out on SOL rewards if they fail to participate when called upon, and their existing stake can be destroyed if they behave dishonestly. Satstreet may, at its sole discretion, transfer reimbursements for slashing penalties it receives from Coinbase Cloud to its users less any administrative costs or expenses Satstreet incurs in reimbursing users. In the event a supported Solana validator is slashed, Satstreet has no obligation to replace any lost SOL or otherwise provide any compensation for any losses. Negative impacts of slashing will be allocated to all clients using the staking service in proportion to the amount of SOL they had staked.
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Last Updated: Sep 2024

Staking Risk Statements

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