Wver wondered how profitable staking is?
Let us check Solana Staking.
So how profitable is Solana staking? according to an article bu coindesk:
The rewards structure for validators and delegators on Solana is mutually aligned. Validators with more SOL delegated receive more opportunities to record transactions on the blockchain, which provides more rewards for both the validator and delegator. In turn, validators may reduce their commissions earned from delegators in order to stay more competitive against other validators. Further, both validators and delegators are affected by slashing, which gives delegators an incentive to stake with the best-performing validators.
According to Staking Rewards, the current annual percentage yield (APY) for delegated staking is around 6.41%, with the majority of validators now charging a 10% commission. Assuming you are staking 1,000 SOL, you would earn around 64.1 SOL next year.
