> ## Content Index > Fetch the complete content index at: https://www.spotedcrypto.com/llms.txt > Use this file to discover other available public pages before exploring further. # Solana staking rewards: PSOL 5.48% vs BNSOL 4.52% - URL: https://www.spotedcrypto.com/solana-staking-rewards-psol-vs-bnsol/ - Published: 2026-11-14T01:15:36.000Z - Updated: 2026-11-14T01:18:32.000Z - Description: Phantom PSOL led and Binance BNSOL trailed among the largest Solana LSTs. What explains the gap, including MEV and fees. - Author: Cris - Tags: Staking, Guides, hash-en, solana, liquid staking, mev, SOL, English ## How much does Solana staking pay, and why do LSTs differ? Solana staking currently pays about 4.4% to 5.5% APY, depending on the staking route. On November 13, 2026, the 14 Solana liquid staking tokens (LSTs) tracked on the [spotedcrypto staking table](https://www.spotedcrypto.com/staking-yields/) ranged from 4.44% for Phase pdSOL ([DefiLlama pdSOL pool](https://defillama.com/yields/pool/a4bbdd3c-0515-54b9-bad6-babb62a41084?ref=spotedcrypto.com)) to 5.48% for Phantom PSOL ([DefiLlama PSOL pool](https://defillama.com/yields/pool/7f5c2e8b-0428-431b-ba6e-571c38a57010?ref=spotedcrypto.com)) . Binance BNSOL was the largest pool at $887M TVL and paid 4.52% ([DefiLlama BNSOL pool](https://defillama.com/yields/pool/9e709e57-84eb-496b-82ce-2e8f6a17db1b?ref=spotedcrypto.com)) . A liquid staking token is a token you receive for staked SOL. It earns staking rewards while you can still trade it or use it in DeFi. **Quick Answer:** Staking SOL paid about 4.4% to 5.5% APY on November 13, 2026\. Phantom PSOL paid 5.48% ([DefiLlama PSOL pool](https://defillama.com/yields/pool/7f5c2e8b-0428-431b-ba6e-571c38a57010?ref=spotedcrypto.com)). Binance BNSOL, the largest pool at $887M, paid 4.52% ([DefiLlama BNSOL pool](https://defillama.com/yields/pool/9e709e57-84eb-496b-82ce-2e8f6a17db1b?ref=spotedcrypto.com)). The PSOL–BNSOL gap was 0.96 percentage points (source: [spotedcrypto staking table](https://www.spotedcrypto.com/staking-yields/), DefiLlama data, 2026-11-13 00:10 UTC). Fees and revenue sharing can affect net yields, but this snapshot does not establish why these two pools differed. The 1.04-percentage-point spread between the top (PSOL, 5.48%, per the [DefiLlama PSOL pool](https://defillama.com/yields/pool/7f5c2e8b-0428-431b-ba6e-571c38a57010?ref=spotedcrypto.com)) and bottom (pdSOL, 4.44%, per the [DefiLlama pdSOL pool](https://defillama.com/yields/pool/a4bbdd3c-0515-54b9-bad6-babb62a41084?ref=spotedcrypto.com)) tokens on the [spotedcrypto staking table](https://www.spotedcrypto.com/staking-yields/) (2026-11-13) is not random. Every Solana LST starts from the same protocol base. Current inflation is 3.559% a year, and all of it goes to validators and stakers . After that, three things move each token's yield up or down: - **Pool fees:** the issuer's management or reward fee. For example, Jito charges 4% of total rewards on JitoSOL . - **Validator commission:** the share of rewards kept by the validators the pool delegates to. The median among 661 active vote accounts is 5% . - **MEV and priority-fee sharing:** whether tips and fees from block production reach stakers. Phantom says PSOL pays more than native staking on average "by sharing MEV tips and priority fees" . Any single reading is only a snapshot. Marinade mSOL showed 5.29% on November 8 and 5.47% on November 11, then 4.67% on November 13 . Jito JitoSOL went from 4.62% on November 11 to 4.96% on November 13, then fell back to 4.68% at the next update that evening . Rankings can change within days, so a top yield on one day does not prove that a token pays more over time. Two practical rules follow. First, compare net APYs measured on the same day, not "up to" marketing figures. Those figures often come from a good week or leave out fees. Second, check the [live staking yields table](https://www.spotedcrypto.com/staking-yields/) before quoting or acting on any number in this article. Higher-yielding LSTs can also carry different exit costs and contract risks, which later sections cover. ## Where does Solana staking yield come from? Solana staking yield comes mostly from new SOL issued through protocol inflation. That issuance is paid to validators and the people who stake with them. On 2026-11-14 (epoch 1085), Solana mainnet's inflation was 3.559% a year, and the foundation's share was 0%, so all of it went to validators and stakers . Because only part of the supply is staked, each staked SOL earns more than the headline inflation rate (source: getInflationRate, getSupply and getVoteAccounts responses from the public Solana mainnet RPC endpoint api.mainnet-beta.solana.com, read on 2026-11-14 KST during epoch 1085). Here is the math. Total supply was about 637.49M SOL, and about 432.4M SOL was actively staked across vote accounts. That means roughly 67.8% of all SOL was staked . Dividing 3.559% by 0.678 gives a base staking rate of about 5.25% a year. That figure comes before three things change it: validator commission, priority fees and MEV tips. MEV (maximal extractable value) is the extra value that block producers can capture by how they order transactions. On Solana it mostly reaches validators as tips paid through block auctions. Validator commission is the first deduction. A validator's commission is the share of inflation rewards it keeps before passing the rest to delegators. The median commission across the 661 active vote accounts was 5% . Taking 5% off the 5.25% base leaves about 5.0% for a typical delegator, before any pool fees or extra block revenue. This is why the liquid staking tokens on [spotedcrypto's staking yields table](https://www.spotedcrypto.com/staking-yields/) stay close together and do not scatter widely. On 2026-11-13 they ranged from 4.44% ([DefiLlama pdSOL pool](https://defillama.com/yields/pool/a4bbdd3c-0515-54b9-bad6-babb62a41084?ref=spotedcrypto.com)) to 5.48% ([DefiLlama PSOL pool](https://defillama.com/yields/pool/7f5c2e8b-0428-431b-ba6e-571c38a57010?ref=spotedcrypto.com)) . Each LST starts from the same protocol base. What differs is what each one adds and subtracts: - **Subtracts:** the commission charged by the validators the pool delegates to, plus the pool's own management or reward fee. - **Adds:** MEV tips and priority fees that the pool or its validators share with token holders, on top of inflation rewards. - **Net result:** a pool that delegates to low-commission validators, charges a small fee and passes on block revenue can end up above the \~5.25% base. A pool that keeps more of those flows ends up below it. The base rate is not fixed. Solana's inflation governor, as returned by the mainnet getInflationGovernor RPC method on 2026-11-14, is set to start at 8%, fall by 15% each year (the taper) and settle at a terminal rate of 1.5% . Today's 3.559% is one point on that declining path. Two more numbers change the yield: the inflation rate keeps falling, and the staked share of supply can rise or fall. If more SOL is staked while inflation keeps tapering, the base rate for each staker goes down. If stakers leave, the same issuance is split across fewer coins, so the rate goes up. Comparing LSTs is really a comparison of fees and revenue sharing on top of this shared base, which is why same-day net APY matters more than any single headline rate. ## Which Solana liquid staking token pays the most today? Phantom's PSOL had the highest yield among Solana liquid staking tokens on 2026-11-13, at 5.48% APY. Phase Delegation's pdSOL had the lowest, at 4.44%. That puts 1.04 percentage points between the top and bottom of 14 pools on the same day . The highest rate did not come from the biggest pool. Binance's BNSOL held the most deposits, about $887M, but paid 4.52%, close to the bottom of the range . A liquid staking token (LST) is a token you receive for SOL deposited in a stake pool. Its value grows as staking rewards build up, and you can trade it or use it in DeFi. These rankings are a snapshot from one day. They are not a fixed league table. The table below lists all 14 Solana LST pools tracked on the [spotedcrypto staking yields table](https://www.spotedcrypto.com/staking-yields/). It is sorted by APY and uses DefiLlama pool data updated 2026-11-13 at 00:10 UTC . The underlying pool pages can be checked directly on DefiLlama, for example [PSOL](https://defillama.com/yields/pool/7f5c2e8b-0428-431b-ba6e-571c38a57010?ref=spotedcrypto.com), [JupSOL](https://defillama.com/yields/pool/52bd72a7-9e81-4112-abb4-71673e8de9bf?ref=spotedcrypto.com), [JitoSOL](https://defillama.com/yields/pool/0e7d0722-9054-4907-8593-567b353c0900?ref=spotedcrypto.com), [BNSOL](https://defillama.com/yields/pool/9e709e57-84eb-496b-82ce-2e8f6a17db1b?ref=spotedcrypto.com) and [pdSOL](https://defillama.com/yields/pool/a4bbdd3c-0515-54b9-bad6-babb62a41084?ref=spotedcrypto.com). In DefiLlama's daily pool history, the readings taken at about 23:01 UTC on 2026-11-12 match the rounded APYs for these five tokens in the table. The other eight pools can be checked the same way on DefiLlama: [hSOL](https://defillama.com/yields/pool/d7e101d6-8e6c-4348-9c5f-62398872a301?ref=spotedcrypto.com), [dfdvSOL](https://defillama.com/yields/pool/568bbb48-dc88-4313-b1cc-ab1d4e763d6d?ref=spotedcrypto.com), [dSOL](https://defillama.com/yields/pool/296651fc-25f6-4434-b8ec-17c2af9808da?ref=spotedcrypto.com), [JSOL](https://defillama.com/yields/pool/177d0a37-d0fb-4b18-b290-f46bbe8d307f?ref=spotedcrypto.com), [vSOL](https://defillama.com/yields/pool/8b46fdde-a5e4-4574-9926-6ba8047f4fca?ref=spotedcrypto.com), [bSOL](https://defillama.com/yields/pool/387d6732-59f0-4ae0-8a88-aba75a5cbe4a?ref=spotedcrypto.com), [bbSOL](https://defillama.com/yields/pool/f76cc844-73a2-4cc7-8de7-f9fb874c626d?ref=spotedcrypto.com) and [jagSOL](https://defillama.com/yields/pool/aa7c9efd-011b-4f38-b775-8a141d0baf1f?ref=spotedcrypto.com). Their DefiLlama readings at about 23:01 UTC on 2026-11-12 also round to the APYs shown in the table (pool histories read on 2026-11-14). TVL figures come from the tracker's own update and can differ slightly from DefiLlama's daily snapshot, which is taken at a different time. | Rank (by APY) | Token | Issuer | APY (2026-11-13) | TVL | | ------------- | ------- | ---------------- | ---------------- | ------ | | 1 | PSOL | Phantom | 5.48% | $133M | | 2 | hSOL | Helius | 5.14% | $78.6M | | 3 | JupSOL | Jupiter | 5.03% | $417M | | 4 | dfdvSOL | DFDV | 4.97% | $177M | | 5 | JitoSOL | Jito | 4.96% | $831M | | 6 | dSOL | Drift | 4.95% | $228M | | 7 | JSOL | JPool | 4.78% | $102M | | 8 | vSOL | The Vault | 4.76% | $107M | | 9 | bSOL | BlazeStake | 4.69% | $71.2M | | 10 | mSOL | Marinade | 4.67% | $184M | | 11 | bbSOL | Bybit | 4.64% | $116M | | 12 | BNSOL | Binance | 4.52% | $887M | | 13 | jagSOL | JagPool | 4.46% | $62.7M | | 14 | pdSOL | Phase Delegation | 4.44% | $89.9M | Three patterns stand out: - **Most pools cluster in a narrow band.** Nine of the 14 tokens paid between 4.64% and 5.03%. Only PSOL and hSOL were above 5.1%, and only BNSOL, jagSOL and pdSOL were below 4.6% . - **Deposits are concentrated.** BNSOL ($887M) and JitoSOL ($831M) together held about $1.72B of the roughly $3.48B across all 14 pools, close to half the total . PSOL, the top payer, held under 4% of that total. - **The yield gap is small in SOL terms.** The 0.96-point gap between PSOL and BNSOL works out to about 0.96 SOL a year on a 100 SOL position, if both rates held for a full year. They rarely do. Pool size matters because most LST holders leave by swapping the token on the open market, not by waiting for an unstake. A large pool such as BNSOL or JitoSOL usually has more trading activity behind it. A smaller pool paying a higher rate may give you a worse exit price on a large swap. Before you buy a token for its APY, check how much slippage a swap quote shows for the size you hold. Concentration also works in the other direction. Holding the same token as half the market means sharing exposure to one issuer's smart contracts and one validator set. Single readings also move enough to reorder the list. On the same tracker, which draws on the [DefiLlama mSOL pool](https://defillama.com/yields/pool/b3f93865-5ec8-4662-90a0-11808e0aa2bd?ref=spotedcrypto.com) history, Marinade's mSOL read 5.29% on 2026-11-08 and 5.47% on 2026-11-11, which would have put it near the top. By 2026-11-13 it had dropped to 4.67%, in the bottom half . JitoSOL went from 4.62% on 2026-11-11 to 4.96% on 2026-11-13\. The next daily reading for the [DefiLlama JitoSOL pool](https://defillama.com/yields/pool/0e7d0722-9054-4907-8593-567b353c0900?ref=spotedcrypto.com), at about 23:01 UTC the same day, was 4.68% . LST yields are calculated from recent exchange-rate growth. A strong or weak epoch for MEV tips or priority fees can change one reading by several tenths of a point. Before you choose a pool, compare readings across several days rather than picking whichever token tops a single snapshot. ## Why did PSOL beat BNSOL? Fees and MEV sharing by provider Phantom's PSOL probably paid more than Binance's BNSOL on 2026-11-13 because of differences in pool fees and in how much MEV tip and priority-fee income each pool passes to holders. One snapshot can't prove that. PSOL read 5.48% APY and BNSOL 4.52%, a gap of 0.96 percentage points . MEV (maximal extractable value) is the extra income validators earn from transaction ordering, mostly through tips paid by searchers and traders. Each issuer decides how much of that income, and of priority fees, reaches token holders, and how much it keeps as fees. Phantom says plainly that its pool is built to pass on this extra revenue. It describes PSOL as a token built on the standard Solana stake pool program : > PSOL is "a yield-bearing token that offers higher average rewards than native staking by sharing MEV tips and priority fees." — Phantom (source: [Phantom Learn, Solana liquid staking](https://phantom.com/learn/crypto-101/solana-liquid-staking?ref=spotedcrypto.com)) Phantom's liquid staking explainer does not give PSOL's fee rate. Check the pool's current fee settings before you assume the full gross yield reaches you. Jito publishes more detail. According to the [Jito JitoSOL FAQ](https://www.jito.network/docs/jitosol/faqs/general-faqs/?ref=spotedcrypto.com), JitoSOL charges an annual management fee equal to 4% of total rewards, which Jito puts at about 0.3% a year of deposited SOL. Direct unstakes through the Jito website also cost 0.1% of the withdrawal value . Jito suggests swapping on Jupiter to avoid that withdrawal fee. Its MEV income comes from Jito's block auction: "The winning bids are distributed to validators and then stakers." Marinade works differently. According to [Marinade's fees and pricing page](https://docs.marinade.finance/marinade-protocol/protocol-overview/fees-and-pricing/?ref=spotedcrypto.com), Marinade Native has no on-chain staking rewards fee (reward\_fee = 0) and no deposit fee. For mSOL, a delayed unstake or stake-account withdrawal costs 0.2%. Instant unstake has no Marinade fee on the swap route, while the Marinade liquidity-pool route charges 0.03%–1.5% . Marinade earns mainly from its Stake Auction Marketplace, where validators bid for delegated stake. This fee page does not specify MEV pass-through to mSOL holders, so it cannot establish whether MEV sharing explains mSOL’s lower reading on 2026-11-13 (4.67%, per the [DefiLlama mSOL pool](https://defillama.com/yields/pool/b3f93865-5ec8-4662-90a0-11808e0aa2bd?ref=spotedcrypto.com)). | Token | APY on 2026-11-13 | Stated reward / management fee | Exit costs | MEV / priority-fee sharing | | ------------- | ----------------- | ------------------------------------------------------------- | ---------------------------------------------------- | ------------------------------------------------- | | Phantom PSOL | 5.48% | Not stated in Phantom's explainer | Not stated in Phantom's explainer | Shares MEV tips and priority fees (per Phantom) | | Jito JitoSOL | 4.96% | 4% of rewards (\~0.3% a year of deposits) | 0.1% on direct website unstake; swap route avoids it | Block auction bids go to validators, then stakers | | Marinade mSOL | 4.67% | Native: none on-chain; revenue from Stake Auction Marketplace | 0.2% delayed unstake; 0.03%–1.5% via liquidity pool | No explicit pass-through described | | Binance BNSOL | 4.52% | See Binance's documentation | See Binance's documentation | See Binance's documentation | APY figures come from the [spotedcrypto staking table](https://www.spotedcrypto.com/staking-yields/) (DefiLlama pools, updated 2026-11-13 00:10 UTC) . Fee terms come from each provider's own documentation. The fee and MEV terms for BNSOL, JupSOL, dSOL, hSOL and bbSOL are set in each issuer's own documentation, and none of them is confirmed here. Because of that, it would be speculation to say exactly why BNSOL trailed PSOL. Exchange-issued tokens may route rewards differently from wallet- or protocol-issued pools, but only Binance's terms can confirm that. The safer reading is that the PSOL–BNSOL gap fits a pattern in which pools sharing more MEV and priority-fee income, or charging lower fees, post higher readings. One day's data does not prove it. Before you choose a token on its headline rate, open the issuer's docs and check three things: the fee on rewards, the cost of exiting, and whether MEV tips and priority fees are passed on to holders. ## Liquid staking vs native staking: which costs less and locks you in less? Native staking usually costs less. Liquid staking locks you in less. With native staking you delegate SOL to a validator through your own stake account and pay only that validator's commission. The median across 661 active vote accounts was 5% on 2026-11-14 . Liquid staking gives you a token you can sell at any time, but the pool adds its own fees and smart-contract risk. Your choice depends on which matters more to you: a lower fee drag, or the ability to exit within seconds. ### Native staking: lower cost, a short lock Native staking leaves ownership with you. The stake account belongs to your wallet, and the validator can't move your SOL. It only earns commission on the rewards. According to [Solana's staking documentation](https://solana.com/docs/references/staking?ref=spotedcrypto.com), stake activates and deactivates only at epoch boundaries. When you want out, you deactivate and wait for the current epoch to end. Only then can you withdraw. That wait is shorter than many guides suggest. An epoch is 432,000 slots , and recent epochs have taken about 25.8 hours. We measured this on 2026-11-14 with the getBlockTime RPC method on Solana's public mainnet endpoint. Epoch 1083 began at slot 467,856,000 (2026-11-10 20:32:18 UTC). Epoch 1084 began at slot 468,288,000 (2026-11-11 22:18:18 UTC), 25.77 hours later. The first recorded block of epoch 1085, slot 468,720,004, landed at 2026-11-13 00:06:58 UTC, putting epoch 1084 at 25.81 hours . That works out to about 0.215 seconds per slot. It matches the network's getRecentPerformanceSamples readings that day, which showed 276 to 285 slots per 60-second sample . The lock is therefore about one day. [Jito's FAQ](https://www.jito.network/docs/jitosol/faqs/general-faqs/?ref=spotedcrypto.com) still says delayed unstake takes "up to 1 epoch (about 2 days)" . For 432,000 slots to take two days, each slot would need about 0.4 seconds, nearly twice what mainnet measured this week. ### Liquid staking: an instant exit, with more layers of cost A liquid staking token (LST) is a receipt for SOL that a stake pool has staked across many validators. You can trade it, lend it or use it as collateral, and you can usually exit right away by swapping it back to SOL. That swap happens at the market price, so on a thin day or a large order you take slippage. The pool's fees also sit on top of validator commission. Exit fees show how this works in practice: - **JitoSOL:** unstaking directly on Jito's website costs 0.1% of the amount withdrawn. Jito suggests swapping on Jupiter instead to avoid that fee . - **mSOL:** delayed unstake or withdrawing to a stake account costs 0.2%. Marinade charges no fee on the swap route for instant unstake, while its own liquidity pool charges 0.03%-1.5% . - **Marinade Native (non-LST):** delayed unstake costs a flat 0.003 SOL, and instant unstake is typically 0.10%-0.40% . Every LST also adds a layer of smart-contract code between you and your stake. If the token trades below the SOL it represents (a "depeg"), an instant exit costs you that discount on top of any fees. ### The priority-fee gap for native stakers Liquid staking pools have one structural advantage today: some of them pass block revenue to holders, and the protocol has no native way to do that yet. SIMD-0123, "Block Revenue Sharing," would give validators a separate block-revenue commission so priority fees could flow to delegators on-chain. Its specification in the [Solana Improvement Documents repository](https://github.com/solana-foundation/solana-improvement-documents/blob/main/proposals/0123-block-revenue-distribution.md?ref=spotedcrypto.com) still shows status Review, with no feature tracking listed . For now, a native staker earns priority-fee revenue only if their validator chooses to share it off-protocol. If you stake natively, check your validator's sharing policy as well as its commission. ## How should you choose a staking route? A decision framework Choose a Solana staking route by matching it to how you plan to use your SOL. Headline yield matters less than that. Compare net APY on the same day, then look at exit costs, how fast you can get out, custody, and pool depth. On 2026-11-13 the 14 liquid staking tokens were only about one percentage point apart, from 4.44% to 5.48% . That gap is small enough that fees, liquidity or custody can outweigh it. Check these six criteria in order: - **Same-day net APY.** Compare readings taken on the same day from one table, such as the [spotedcrypto staking table](https://www.spotedcrypto.com/staking-yields/), rather than numbers from different weeks. Single readings move by several tenths of a percent between updates. - **Reward fee vs exit fee.** Some costs come out of your yield every year, and some only when you leave. Jito takes 4% of rewards and charges 0.1% on direct unstakes through its website . Marinade charges 0.2% for delayed unstake of mSOL . - **Exit speed and liquidity.** Native stake unlocks at an epoch boundary, about one day now. A liquid staking token (LST) can be swapped out instantly, but you take whatever the market price and slippage are at that moment. - **DeFi use.** Only an LST can be used as collateral or in liquidity pools. - **Custody and smart-contract risk.** Native stake accounts stay under your keys. LSTs add smart-contract risk, and exchange products add counterparty risk. - **TVL depth.** Larger pools usually mean deeper swap liquidity and wider acceptance in DeFi protocols. Here is which route fits which kind of user: - **Long-term holder who wants simplicity: native staking.** You keep custody, have no smart contract in the path, and pay only the validator's commission. The median among 661 active vote accounts is 5% . A one-day unlock rarely matters if you are not trading. - **DeFi user who needs collateral: a large LST such as JitoSOL or JupSOL.** On 2026-11-13 JitoSOL had $831M TVL at 4.96%, and JupSOL had $417M at 5.03% . Pools that size are easier to swap in and out of and to use across protocols. - **Wallet-native convenience: PSOL.** PSOL had the top reading that day, 5.48% on $133M TVL . Phantom says it shares MEV tips and priority fees . The pool is smaller, so check swap depth before moving a large position. - **Exchange user: BNSOL or bbSOL, if you accept custodial risk.** BNSOL was the largest pool at $887M but paid 4.52%. Bybit's bbSOL paid 4.64% on $116M . You trade some yield for a familiar account. Don't choose based on "up to" headlines. On 2026-11-14, [Kraken's staking page](https://www.kraken.com/features/staking-coins?ref=spotedcrypto.com) listed SOL at 2.67% for flexible staking and 5.41% for bonded staking with a 3-day lockup (page read at 01:00 UTC). Kraken says these rates are estimates based on past average rewards, before its commission, and that flexible staking earns rewards on only up to 50% of the assets you stake . [Marinade's homepage](https://marinade.finance/?ref=spotedcrypto.com) advertised "Earn up to 8% APY" . None of these is a like-for-like net yield. Kraken's 2.67% flexible rate sat well below the 4.4%–5.5% LST range of 2026-11-13, its 5.41% bonded rate is quoted before commission, and "up to 8%" was above every LST reading that day. Custodial apps can also take a large cut. According to [Robinhood's crypto staking help page](https://robinhood.com/us/en/support/articles/crypto-staking/?ref=spotedcrypto.com), its total staking fee is 25% of the APY you earn, and that total includes a staking-partner fee of no more than 2.75% . The same page says staking is unavailable in California, Maryland, New Jersey and Wisconsin, and Robinhood states that crypto held through Robinhood Crypto is not FDIC insured or SIPC protected . ## What are the risks of staking SOL? Staking SOL carries four main risks. The first is SOL's price falling by more than the roughly 4.4%–5.5% a year that stakers earn. The second is smart-contract and depeg risk on liquid staking tokens. The third is validator downtime, which lowers rewards. The fourth is custodial risk on exchanges. Losing your stake to a protocol penalty is not one of them today. Solana's documentation says slashing is not implemented in the protocol . Your principal in SOL is not cut by the network for validator misbehavior. The lack of slashing does not make staking riskless. The general risk categories match those in a [CoinGecko staking explainer](https://www.youtube.com/watch?v=CWUeZvwQ-28&ref=spotedcrypto.com): price swings that outweigh rewards, waits to unstake, and counterparty exposure (video: CoinGecko). Here is how each applies to SOL: - **Price volatility:** Rewards are paid in SOL. A 5% yield does not offset a double-digit drop in SOL's dollar price. Staking adds SOL to your balance, but it does not protect its dollar value. - **LST depeg and smart-contract risk:** A liquid staking token is a claim on SOL held in a stake pool. If you exit by swapping, you get the market price minus slippage, and that can sit below the token's redemption value during stress. On top of the validator layer, you rely on the pool's program code . - **Validator performance:** A validator that goes offline or misses votes earns less, and its delegators earn less too. Native stakers carry this risk directly. LST holders spread it across the pool's whole validator set. - **Custodial and counterparty risk:** On an exchange or brokerage, you hold a claim on the platform, not a stake account in your own name. Robinhood's terms still list slashing as a generic network risk, even though the Solana protocol does not slash today . How long it takes to unstake depends on the route. Native stake deactivates at an epoch boundary, and an epoch is 432,000 slots . Epochs 1083 and 1084 each ran about 25.8 hours, measured from mainnet block times (getBlockTime) on 2026-11-14 , so the wait is now roughly one day. Some issuer FAQs still quote the older figure: Jito describes delayed unstake as "up to 1 epoch (about 2 days)" . Custodial apps can take much longer. Robinhood says unstaking usually takes about a day but can stretch to the range shown in the app, which may be weeks . If you might need the SOL quickly, find out the exit path before you stake. Be careful with old yield numbers. Older videos and guides quote about 7% for SOL staking, and some exchange promotions advertise "up to 23%" (video: CoinGecko). Those figures are not current. On 2026-11-14 the network's inflation rate was 3.559% a year , and the 14 Solana LSTs on the [spotedcrypto staking table](https://www.spotedcrypto.com/staking-yields/) ranged from 4.44% ([DefiLlama pdSOL pool](https://defillama.com/yields/pool/a4bbdd3c-0515-54b9-bad6-babb62a41084?ref=spotedcrypto.com)) to 5.48% APY ([DefiLlama PSOL pool](https://defillama.com/yields/pool/7f5c2e8b-0428-431b-ba6e-571c38a57010?ref=spotedcrypto.com)) on 2026-11-13 . Any offer well above that range is either a promotion with limits or comes with risks beyond staking. ## Will Solana staking yields fall? The issuance outlook Yes, Solana's base staking yield is set to keep falling, and it could fall faster. The protocol's inflation schedule lowers issuance every year toward a 1.5% terminal rate . A governance proposal that would double the pace of that decline has been approved, but as of 2026-11-14 the network is not yet running it. Today's 4.44%–5.48% LST range is a snapshot on a downward path. It is not a stable level. The proposal is [SGP-0002 "Double Disinflation Rate"](https://github.com/solana-foundation/solana-governance-proposals/blob/main/proposals/sgp-0002-double-disinflation.md?ref=spotedcrypto.com). Lostin and 0xIchigo of Helius wrote it, and it was created on 2026-07-03\. It would raise the annual disinflation rate from -15% to -30% and keep the 1.5% terminal rate. The repository lists its status as Accepted, and its implementation depends on a separate technical spec, SIMD-0550 . The live chain has not changed yet. On 2026-11-14 (epoch 1085), the mainnet inflation governor still read an initial rate of 8%, a taper of 0.15 and a terminal rate of 1.5%, with current inflation at 3.559% a year . Here is what the difference means in numbers. This simple example assumes about 67.8% of supply stays staked and leaves out commission, priority fees and MEV: - **Current 15% taper:** inflation falls from 3.559% to about 3.03% a year later. The gross base yield falls from about 5.25% to about 4.47%. - **Proposed 30% taper:** inflation falls to about 2.49%. The gross base yield falls to about 3.67%. Both cases start from the same on-chain readings . If the share of staked SOL changes, the per-staker result changes too. A smaller issuance base also changes what separates one staking token from another. As inflation shrinks, block revenue makes up a larger share of the yield, and it decides more of the ranking. That revenue includes MEV tips, which Jito distributes "to validators and then stakers" , and the priority-fee sharing Phantom cites for PSOL . Native stakers have no built-in way to receive priority fees yet. SIMD-0123, which would let validators share block revenue with delegators at the protocol level, still shows Review status . The practical takeaway: pick your staking route based on fees and how much block revenue it passes to you, not on today's headline APY, because that gap will matter more each year. Before you commit SOL, check the live taper value and the current rates on the [spotedcrypto staking table](https://www.spotedcrypto.com/staking-yields/). If the taper reads 0.30 instead of 0.15, plan for a lower yield in your calculations. ## Frequently Asked Questions ### How much can you earn staking Solana? On November 13, 2026, Solana liquid staking tokens (LSTs) paid between 4.44% APY (Phase pdSOL, [DefiLlama pdSOL pool](https://defillama.com/yields/pool/a4bbdd3c-0515-54b9-bad6-babb62a41084?ref=spotedcrypto.com)) and 5.48% APY (Phantom PSOL, [DefiLlama PSOL pool](https://defillama.com/yields/pool/7f5c2e8b-0428-431b-ba6e-571c38a57010?ref=spotedcrypto.com)). The largest pool, Binance BNSOL, paid 4.52% ([DefiLlama BNSOL pool](https://defillama.com/yields/pool/9e709e57-84eb-496b-82ce-2e8f6a17db1b?ref=spotedcrypto.com)), according to the [spotedcrypto staking table](https://www.spotedcrypto.com/staking-yields/) . The protocol's base yield works out to about 5.25% a year. That figure comes from 3.559% inflation divided by the 67.8% of supply that is staked, and it is measured before validator commission and before MEV tips and priority fees . These rates change daily. JitoSOL, for example, read 4.62% on November 11, 2026 and 4.96% on November 13 . Check the live table before you compare routes. ### Is liquid staking better than native staking on Solana? Neither one is better for everyone. Each makes a different trade-off. Native staking means you delegate to a validator through your own stake account. You keep custody and pay only the validator's commission, which had a median of 5% across 661 active vote accounts on November 14, 2026 . The catch is that your SOL stays locked until the next epoch boundary. Liquid staking gives you a token that you can swap at any time or use in DeFi. In exchange, you take on the pool's fees and smart-contract risk. For example, [Jito](https://www.jito.network/docs/jitosol/faqs/general-faqs/?ref=spotedcrypto.com) takes 4% of rewards, which it puts at about 0.3% a year of deposited SOL . Native staking suits holders who will not touch their SOL. Liquid staking suits holders who want flexibility. ### How long does it take to unstake SOL? Native unstaking finishes at the next epoch boundary. One Solana epoch is 432,000 slots. Mainnet block times show that epochs 1083 and 1084 each lasted about 25.8 hours (about 0.215 seconds per slot, measured 2026-11-14), so the wait is now roughly one day . Jito's FAQ still describes delayed unstake as taking "up to 1 epoch (about 2 days)," which is an older estimate . With a liquid staking token, you can exit immediately by swapping it for SOL. You get the market price, and slippage applies. Exchanges set their own timelines. [Robinhood](https://robinhood.com/us/en/support/articles/crypto-staking/?ref=spotedcrypto.com) says unstaking usually takes about a day but can take longer, potentially weeks . ### Can you lose SOL by staking it? The protocol will not take your SOL as a penalty. [Solana's documentation](https://solana.com/docs/references/staking?ref=spotedcrypto.com) states that slashing is not implemented today . You can still lose value in other ways: - A drop in SOL's price can outweigh the staking rewards you earn (video: CoinGecko). - A liquid staking token can trade below the value of the SOL behind it (a depeg). - A bug in a stake pool's smart contract can put deposits at risk. - If your validator goes offline, your rewards fall for that period. - On an exchange, you rely on the exchange's custody. Robinhood, for example, says crypto held on its platform "is not FDIC insured or SIPC protected" . ### Why is PSOL's APY higher than BNSOL's? On November 13, 2026, Phantom PSOL paid 5.48% APY and Binance BNSOL paid 4.52%, a gap of 0.96 percentage points . [Phantom](https://phantom.com/learn/crypto-101/solana-liquid-staking?ref=spotedcrypto.com) says PSOL earns more than native staking because it shares MEV tips and priority fees with holders . That is a likely part of the explanation. However, a single day's gap does not prove the cause, and these readings move. Before you treat the gap as permanent, check Binance's own BNSOL documentation for its fee and MEV-sharing terms, and compare the two tokens over several days on the [staking table](https://www.spotedcrypto.com/staking-yields/). ## Watch / Sources - [CoinGecko: "Cryptocurrency Staking Explained: How It ACTUALLY Works"](https://www.youtube.com/watch?v=CWUeZvwQ-28&ref=spotedcrypto.com) (YouTube video) --- ### Related Articles - [Crypto staking APY rates: Kraken's 2.29% SOL vs 'up to 8%'](https://www.spotedcrypto.com/crypto-staking-apy-rates-sol-kraken-marinade/) - [Staking yields on Nov 6, 2026: Stader ETHX down 0.9 pts](https://www.spotedcrypto.com/staking-yields-2026-11-06/) - [Lido just became Ethereum's single largest validator](https://www.spotedcrypto.com/lido-largest-ethereum-validator/) - [Exchange staking costs you 25 extra points — every year](https://www.spotedcrypto.com/crypto-staking-wallet-vs-exchange-2026-net-yield/) - [APY is the wrong first filter for staking](https://www.spotedcrypto.com/crypto-staking-comparison-2026/) Enjoyed this article? 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