Hello, Could you assist me to deactivate staking SOL from the Figment (Ledger) web application, please? If I would like to do it then I'm getting an error message: network is busy. Regards,
As long as it's pluged in while you sign for the staking transaction, the transaction will be written to the blockchain and you can unplug your ledger and your staked position will remain. Hope this helps. Let me know if you have any further questions.
@@Figment_io Hello. I tired it for weeks and keep getting errors and 'no balance' messages. I check wallet adreses and its still delegated..Can't find out how to get it unstaked or anyone who can help
Hey @@whittonmatt here is the doc with the steps to undelegate, scroll down to the "Undelegating a SOL balance in Ledger Live" for the step by step. I hope this helps, let me know if you have any other questions. Remember it does take some sol to pay for transaction gas fees. This could be the reason for the "no balance".
So when we stake out Sol with Ledger our keys to the coins are still ours. But if slashing we're to occur , we'd still lose our coins. How does that make sense or that happen?!
Great question. I know it can be confusing trying to understand precisely what is happening when you delegate to a validator. I will try to break this down as simply as possible, but if you would like to go deep on the technicals, we can. The TLDR is that when you delegate, you are entering a contract with the validator you are staking to. This contract has risks and benefits and ultimately is what makes proof of stake secure. The contract says if you put up tokens to secure the network, you will be rewarded with new block issuances and a share of the network fees when the validator you delegated to is called on to validate a block. Now here is where picking your validator really matters because if they misbehave by double signing a block, they will not get rewards and will be subject to slashing. When you delegate, you agree to these staking terms and, in turn, are rewarded for doing so. This is also why I personally delegate to Figment validators. Let me know if any of this was unclear or if you would like to know more. I'm happy to talk web3 any day.
@@Figment_io I'm not sure if you answered what was asked. If I stake 100 SOL, is my staked SOL jeopardized if the validator misbehaves? Will all or part of my 100 SOL be be at risk to be slashed?? Or is it only the SOL I have been rewarded through staking that are at risk for being slashed? I do not want to lose any of the SOL that I might stake.
Hey Can you please do a video or point me to a video that shows how to view your reward transactions for ledger. I know they show up in your balance, but I want to view the transactions. Thanks
Hey Preston, you should be able to see these transactions by putting your address into the blockexplorer for the chain you are staking. For example the steps would look like this if checking on Solana; 1) Open Ledger Live and navigate to the Accounts tab. 2) In your account, click Receive to obtain your Solana account address. 3) Go to solanabeach.io 4) In the block explorer paste your Solana address into the search bar and press enter. The explorer displays your Account Details. 5) Navigate to the Stakes tab and select a staking account. The explorer displays your Stake Account Details. 6) Navigate to the Stake Rewards tab. The breakdown of your staking rewards for this account appears here. You can also download a .csv file of all the reward transactions directly via the explorer. I hope this helps, let me know if you have any further questions.
Only the validaotor is at risk of slashing, this is also not automatic and has to result from the chain halting due to bad acting by the validator. So in short your funds are safe if delegated to a Figment Validator and the only risk you really run is missing rewards if we go offline. You can view our stats at Solanabeach to see our uptime and overall track record. Let me know if you have any additional questions, and Happy Staking.
Here are the Ledger Docs, just scroll down to the undelegate section. support.ledger.com/hc/en-us/articles/4731749170461-Staking-Solana-SOL-in-Ledger-Live?support=true
In the "Key Staking Facts" I mention that Solana's rewards are distributed every two days, and when they are, they are added to your current stake, meaning staked Solana automatically compounds your rewards. Therefore the only place to see your rewards is in your stake position. You can use a blockexplorer if you wish to see what the payout was every two days on your staked position. Thank you for reaching out, I hope this helps, let me know if you have any further questions, I'd love to help, and happy staking!
@@Figment_io Hi, I have had my Solana in staking since 02/11 and have not received any rewards yet. The status has been Active since 04/11 or 05/11. Why am I not getting any rewards?
Rewards are automatically restaked for auto compounding. 00:23 If you want to withdraw some of your rewards you will need to undelegate and will be liquid again in two days. I hope this helps, let me know if you have any further questions.
@@ZacksHacks If you stake it all, you will need to send over to your ledger like 0.1 sol to cover gas when delegating, undelegating, and singing for transactions. So yes you can just send over more sol to manage your position. Hope this helps, let me know if you have any further questions.
Thanks for a great video. From the video I understood that there is a potential to lose staking rewards if validator is not doing the right thing, but is there also a possibility to lose your staked coins or you always stay in possession no matter what? Thanks
Hey AusMate! Thank you for reaching out, this is a great question. I'll take a stab at breaking it down as simple as possible, but if you would like to go deeper on it we can, just let me know. So, short answer is no, there is no risk to lose all your tokens if you are staking. You are only exposed to the risk of slashing for downtime and double signing events. At Figment we practice "Saftey Over Liveness" meaning that we would rather have some downtime than ever commit a double signed block. Double signing is one of the worst things a validator can do. As a staker downtime only results in the loss of some rewards for that block or era or epoch (they all mean the same thing). This is why what validator you choose to delegate to matters so much. Just remember not your keys, not your crypto. If you had your funds on an exchange, the exchange controls the keys and give you permission to access them, but just like we saw with Mt. Gox and FTX, you can lose all your funds. With self-custody (Ledger, metamask, keplr, etc. are all self-custody) the private key is what proves you are the owner of the funds on-chain and is needed to transfer funds. When you stake from a self-custody wallet you are agreeing to being slashed if certain things happen in return for earning rewards for securing the network with your stake. The only way you can lose your funds is if you lose your private keys or compromise your private keys in a hack or attack. I hope this adds some clarity to your questions. Please let me know if you have any further questions would love to answer any and all.
@@ausmate5235 To my knowledge slashing hasn't happened on Solana to date. I had to ask our protocol team just to clarify and get you the most accurate information. What I said previously about there being no risk of losing all your funds wasn't true because there is a chance, even tho it is very very very small. Here is what our Solana expert had to say, "Slashing on Solana is reserved for rare and improbable circumstances which pose a threat to the broader safety of the network, the chances of it happening are infinitesimally thin and the chances of you choosing a malicious validator are even thinner, a validator would have to be out-and-out malicious. Slashing is 100% controlled by the Foundation and it's reserved for adversarial actors trying to violate the 33% and 66% security thresholds. A validator could hypothetically get slashed for double signing. For example let's say a validator went on twitter and said "everyone double sign at block X!" then I'm sure the Foundation would slash as deterrent strategy and because it indicates malicious and wilful attempt to violate the safety of the chain." At Figment we are close with the Foundation and are openly focused on safety over liveness, this is why I personally delegate to Figment validators, but any of the top validators have more to gain from the success of Solana and not from double signing blocks. To sum it up, Slashing is 100% at the discretion of the Foundation based on the severity of the malicious validators actions. This has not happened to date, and I can't think of an example of this happening on any other Proof-of-Stake chain. Where a validator purposefully double signed a block and tried to get others to validate on the new chain. I hope this helps and doesn't confuse further, let me know if you have any further questions, happy to help.
Here is a great link you can review if you didn't understand how I presented the inflation rates. solana.com/staking scroll down and click under "Staking Rewards" on "How do I estimate and view my staking rewards" Hope that helps, if not let me know and I'll see what I can do.
Hi Team,
how to Unstake SOL in Leger, Currently I can't ( Delegations -> Manager -> NOT unstake)
can you do a video of how to unstake
ive staked for months with figment and have got 0 rewards?
How can I tell how much my SOL stating has made in ledger staking
Hello,
Could you assist me to deactivate staking SOL from the Figment (Ledger) web application, please?
If I would like to do it then I'm getting an error message: network is busy.
Regards,
Holy crap I thought delegate was the amount you want too stake so I staked all my sol… can I fix this ?
what if you unpluged your Ledger wallet on the midle of the staking process? does thje staking still be counted or it will be stop the Staking?
As long as it's pluged in while you sign for the staking transaction, the transaction will be written to the blockchain and you can unplug your ledger and your staked position will remain. Hope this helps. Let me know if you have any further questions.
Thank you so much, man. Amazing info.
how to undelegated and make a back to balance?
Click undelegate and wait 2 days for your stake to unbond.
@@Figment_io Hello. I tired it for weeks and keep getting errors and 'no balance' messages. I check wallet adreses and its still delegated..Can't find out how to get it unstaked or anyone who can help
Hey @@whittonmatt here is the doc with the steps to undelegate, scroll down to the "Undelegating a SOL balance in Ledger Live" for the step by step. I hope this helps, let me know if you have any other questions. Remember it does take some sol to pay for transaction gas fees. This could be the reason for the "no balance".
@@Figment_io thanks for reply🙏..yes thats where i was going wrong...
So when we stake out Sol with Ledger our keys to the coins are still ours. But if slashing we're to occur , we'd still lose our coins. How does that make sense or that happen?!
Great question. I know it can be confusing trying to understand precisely what is happening when you delegate to a validator. I will try to break this down as simply as possible, but if you would like to go deep on the technicals, we can.
The TLDR is that when you delegate, you are entering a contract with the validator you are staking to. This contract has risks and benefits and ultimately is what makes proof of stake secure. The contract says if you put up tokens to secure the network, you will be rewarded with new block issuances and a share of the network fees when the validator you delegated to is called on to validate a block. Now here is where picking your validator really matters because if they misbehave by double signing a block, they will not get rewards and will be subject to slashing. When you delegate, you agree to these staking terms and, in turn, are rewarded for doing so. This is also why I personally delegate to Figment validators. Let me know if any of this was unclear or if you would like to know more. I'm happy to talk web3 any day.
@@Figment_io I'm not sure if you answered what was asked. If I stake 100 SOL, is my staked SOL jeopardized if the validator misbehaves? Will all or part of my 100 SOL be be at risk to be slashed?? Or is it only the SOL I have been rewarded through staking that are at risk for being slashed? I do not want to lose any of the SOL that I might stake.
Hey Can you please do a video or point me to a video that shows how to view your reward transactions for ledger. I know they show up in your balance, but I want to view the transactions. Thanks
Hey Preston, you should be able to see these transactions by putting your address into the blockexplorer for the chain you are staking. For example the steps would look like this if checking on Solana;
1) Open Ledger Live and navigate to the Accounts tab.
2) In your account, click Receive to obtain your Solana account address.
3) Go to solanabeach.io
4) In the block explorer paste your Solana address into the search bar and press enter.
The explorer displays your Account Details.
5) Navigate to the Stakes tab and select a staking account.
The explorer displays your Stake Account Details.
6) Navigate to the Stake Rewards tab.
The breakdown of your staking rewards for this account appears here.
You can also download a .csv file of all the reward transactions directly via the explorer.
I hope this helps, let me know if you have any further questions.
@@Figment_io thank you for responding. I did find it! Much appreciated.
Nice and very helpful video, can you tell me how can I check the rewards that I get? Thank you
Yeah, no problem, visit the solana block explorer and input your address, you will be able to see your stake and rewards.
What amount should I keep out of staking to pay for fees, fixed or %?
Cheers.
You are looking at about $0.00025 per transaction so .1 sol should get you pretty far.
When staked Solana, are you at risk losing it? Or staking on ledger you still own sol even when staking
Only the validaotor is at risk of slashing, this is also not automatic and has to result from the chain halting due to bad acting by the validator. So in short your funds are safe if delegated to a Figment Validator and the only risk you really run is missing rewards if we go offline. You can view our stats at Solanabeach to see our uptime and overall track record. Let me know if you have any additional questions, and Happy Staking.
How to unstake?
Here are the Ledger Docs, just scroll down to the undelegate section. support.ledger.com/hc/en-us/articles/4731749170461-Staking-Solana-SOL-in-Ledger-Live?support=true
How do i find my rewards ? I am on ledger and I do not see how much i have made so far
In the "Key Staking Facts" I mention that Solana's rewards are distributed every two days, and when they are, they are added to your current stake, meaning staked Solana automatically compounds your rewards. Therefore the only place to see your rewards is in your stake position. You can use a blockexplorer if you wish to see what the payout was every two days on your staked position. Thank you for reaching out, I hope this helps, let me know if you have any further questions, I'd love to help, and happy staking!
@@Figment_io Hi, I have had my Solana in staking since 02/11 and have not received any rewards yet. The status has been Active since 04/11 or 05/11. Why am I not getting any rewards?
@@romanw1563 Have you checked on the block explorer and in ledger live to confirm the staking transaction went thru?
@@romanw1563 Are you staked to an active validator?
Any reason why ledger isn't showing any withdrawable SOL after 1 month of staking?
Rewards are automatically restaked for auto compounding. 00:23
If you want to withdraw some of your rewards you will need to undelegate and will be liquid again in two days. I hope this helps, let me know if you have any further questions.
@@Figment_io thank you!
@@mbourne16 No problem. If you ever have any other questions, you know where to find us. 🙂
What happens if you stake all of your SOL? Is it locked forever or can you just send more SOL to your ledger?
@@ZacksHacks If you stake it all, you will need to send over to your ledger like 0.1 sol to cover gas when delegating, undelegating, and singing for transactions. So yes you can just send over more sol to manage your position. Hope this helps, let me know if you have any further questions.
wich pool are the best ?
No pools, but the best validator to delegate to is Ledger by Figment.
Great, appreciate the transparency and the time taken to reply !
Thanks for a great video.
From the video I understood that there is a potential to lose staking rewards if validator is not doing the right thing, but is there also a possibility to lose your staked coins or you always stay in possession no matter what? Thanks
Hey AusMate! Thank you for reaching out, this is a great question. I'll take a stab at breaking it down as simple as possible, but if you would like to go deeper on it we can, just let me know.
So, short answer is no, there is no risk to lose all your tokens if you are staking. You are only exposed to the risk of slashing for downtime and double signing events. At Figment we practice "Saftey Over Liveness" meaning that we would rather have some downtime than ever commit a double signed block. Double signing is one of the worst things a validator can do. As a staker downtime only results in the loss of some rewards for that block or era or epoch (they all mean the same thing). This is why what validator you choose to delegate to matters so much.
Just remember not your keys, not your crypto. If you had your funds on an exchange, the exchange controls the keys and give you permission to access them, but just like we saw with Mt. Gox and FTX, you can lose all your funds. With self-custody (Ledger, metamask, keplr, etc. are all self-custody) the private key is what proves you are the owner of the funds on-chain and is needed to transfer funds. When you stake from a self-custody wallet you are agreeing to being slashed if certain things happen in return for earning rewards for securing the network with your stake. The only way you can lose your funds is if you lose your private keys or compromise your private keys in a hack or attack.
I hope this adds some clarity to your questions. Please let me know if you have any further questions would love to answer any and all.
@@Figment_io thanks! To your knowledge were there ever cases of people losing their Sol due to validators actions?
@@ausmate5235 To my knowledge slashing hasn't happened on Solana to date. I had to ask our protocol team just to clarify and get you the most accurate information. What I said previously about there being no risk of losing all your funds wasn't true because there is a chance, even tho it is very very very small.
Here is what our Solana expert had to say, "Slashing on Solana is reserved for rare and improbable circumstances which pose a threat to the broader safety of the network, the chances of it happening are infinitesimally thin and the chances of you choosing a malicious validator are even thinner, a validator would have to be out-and-out malicious. Slashing is 100% controlled by the Foundation and it's reserved for adversarial actors trying to violate the 33% and 66% security thresholds. A validator could hypothetically get slashed for double signing. For example let's say a validator went on twitter and said "everyone double sign at block X!" then I'm sure the Foundation would slash as deterrent strategy and because it indicates malicious and wilful attempt to violate the safety of the chain."
At Figment we are close with the Foundation and are openly focused on safety over liveness, this is why I personally delegate to Figment validators, but any of the top validators have more to gain from the success of Solana and not from double signing blocks.
To sum it up, Slashing is 100% at the discretion of the Foundation based on the severity of the malicious validators actions. This has not happened to date, and I can't think of an example of this happening on any other Proof-of-Stake chain. Where a validator purposefully double signed a block and tried to get others to validate on the new chain. I hope this helps and doesn't confuse further, let me know if you have any further questions, happy to help.
@@Figment_io thanks a lot!
@@Figment_io you said ''here is no risk to lose all your tokens if you are staking'' =means you can lose the tokens you staked only some of them ?
APY?
Here is a great link you can review if you didn't understand how I presented the inflation rates. solana.com/staking
scroll down and click under "Staking Rewards" on "How do I estimate and view my staking rewards" Hope that helps, if not let me know and I'll see what I can do.
Im nu familly stake on Figment. 😘