There are a few points to clarify first. Delegating SOL using the Ledger hardware wallet and Ledger Live app does not involve sending coins to another address. Accordingly, steak holders still own their own cryptocurrencies and are in no way at risk of losing them, similar to the situation with the Ledger platform Celsius, which is preparing for bankruptcy proceedings.


So you can get your coins back at any time. The main thing is not to reveal your recovery phrase, which is created when setting up a hardware wallet, to anyone and under any pretext.

Stacking reward in Ledger Live

Now on to the practicalities. I sent my 54.34 SOL into delegation on July 13, which you can verify in the transaction history in Ledger Live.

Delegating SOL in the transaction history

The activation of the steak took place after a new epoch in the Solana network. Recall, an epoch here is a certain period of time during which a selected leader among validators is relevant for entering new data into the blockchain. By the way, blocks in Solana are commonly referred to as “slots”, and in general an epoch here lasts approximately 2-3 days.


It is crucial for stackers to keep track of the end of epochs, as it is after the onset of a new such period that the coins sent are activated in delegation and the rewards for the work are accrued. Data on the current epoch and the approximate time until its end can be viewed in the Solana network's official blockchain explorer.


Mention of epochs in the Solana Explorer blockchain browser

The activation of the staking took place on 15 July, which is two days later. This was confirmed by the corresponding inscription in Ledger Live.

Solana SOL Stacking Activation in Ledger Live

I then waited for the end of another epoch, i.e. the first period of activity of my delegated coins, when they participated in the consensus and earned rewards. However, it eventually turned out that the rewards earned are not displayed separately in Ledger Live, as they are simply added to the amount of delegated assets.

Today, the relevant account page in the app looks like this. Note that I delegated 54.34 SOL, and now this column shows 54.36 SOL. So the award was roughly 0.02 SOL. But why use calculator to calculate exactly, when there is blockchain?

Volume of SOL coins delegated in Ledger Live

I copy my address and check it in the already mentioned official blockchain explorer of the Solana network. Here I can’t find a separate deposit with rewards, alas.

Account page in the Solana Explorer blockchain browser

Luckily, there are several explorers on the network, and one of them shows all the necessary details on steaking. We’re talking about the Solana Beach platform.

Go to the site and enter your address in the search box. In reply, you see a window with the account details, including the “Stakes” tab at the bottom of the screen. Open it.

Account page in the Solana Beach blockchain browser

Here you will see my 54.36 SOL delegated to the Ledger validator node. Click on the account on the left side of the table.

Found steak on account page in Solana Beach blockchain browser

A window will open with information about this Ledger validator account. Scroll down the page and see our delegation transaction, which was made on July 13, which is exactly one week ago.

Transactions with Ledger validator account when Stacking SOL

The final step is to go to the “Stake Rewards” tab, i.e. “staking rewards”. This is where the delegated asset performance rewards are displayed.

The amount of Solana SOL delegate reward received

That is, the reward is 0.025299667 SOL and the new balance after accrual of the reward is 54.367582547 SOL. The annual return on steaking as a whole is 5.15 per cent per annum.

Solana Cryptocurrency (SOL) Staking Yield

As we have already noted, the SOL exchange rate has increased in value by more than 30 percent in the last week. With that in mind, it is curious to compare how markedly the projected returns for this occupation have changed. To do so, let’s examine the table from the previous article – here it is.

Approximate profitability of Solana SOL steakings a week ago

And now we again open Everstake’s calculator and indicate the same coin volume of 54.34 SOL for clarity.

The new projected yields of the original SOL shaking hands

As you can see, the daily yield has now increased to the equivalent of $0.4 instead of $0.3. Well, on a year-to-date basis, the calculator is targeting an amount of $147.54 instead of $110.4.


That's why I emphasized in the last article that the dollar equivalent of the award is not very important to me, because I'm ready to wait for the right time to sell even one or two years. In the meantime, all my efforts are concentrated on the accumulation of coins. Still, at the next bullrun the value of SOL, AVAX, WOO and other coins I'm stealing will probably be much higher. So it's worth doing dollar calculations now, just for a rough idea of what's going on.


Buying cryptocurrencies


Conclusion: the Ledger Live app doesn't have a separate line to display the Solana SOL steak reward, but this will clearly be fixed. And even if some functionality is lacking in the standalone app, blockchain reviewers are able to provide answers to all questions. The main thing is to look and, if anything, be prepared to use alternative platforms.


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