How to Stake SOL on Pendle: Step-by-Step Tutorial for Maximizing Yields

Step-by-Step: How to Stake SOL on Pendle

Step 1: Connect Your Wallet

Open Pendle’s app, click “Connect Wallet,” and select your Solana wallet (e.g., Phantom). Approve the connection request.

Step 2: Navigate to SOL Staking Pools

Go to the “Markets” tab. Filter for “SOL” or search for “Lido Staked SOL” (stSOL) pools—Pendle’s primary SOL integration.

Step 3: Deposit SOL

• Select a stSOL pool with your desired lock-up period (e.g., 30-90 days).
• Enter the SOL amount to stake. Pendle auto-converts SOL to stSOL via Lido.
• Confirm the transaction in your wallet. Wait for blockchain confirmation (∼20 secs).

Step 4: Manage Your Position

Track accrued yields in the “Portfolio” tab. Reinvest earnings or withdraw anytime after the lock-up ends.

Why Stake SOL on Pendle? Key Benefits

• Higher APY: Earn 5-8% base staking rewards + extra Pendle token incentives (variable).
• Yield Flexibility: Sell future yield as tradable tokens for instant liquidity.
• Auto-Compounding: Pendle’s vaults automatically reinvest yields.
• Ecosystem Rewards: Qualify for Pendle airdrops and partner DeFi bonuses.

Understanding the Risks

While lucrative, consider:

• Smart Contract Vulnerabilities: Audited but not risk-free.
• Impermanent Loss: If providing liquidity in Pendle pools.
• SOL Volatility: Price swings affect staked value.
• Lock-Up Periods: Early unstaking may incur penalties.

Frequently Asked Questions (FAQ)

What is Pendle?

Pendle is a decentralized platform that lets users tokenize, trade, and optimize future yield from staked assets like SOL, ETH, or stablecoins.

Is staking SOL on Pendle safe?

Pendle is audited by top firms like Zokyo, but DeFi carries inherent risks. Only stake funds you can afford to lose.

How much can I earn staking SOL on Pendle?

Combined SOL staking rewards + Pendle incentives typically range from 7% to 15% APY, varying with market conditions.

Can I unstake my SOL anytime?

Yes, but pools may enforce lock-up periods (e.g., 30 days). Early exit reduces rewards. Post-lock-up, unstaking is instant.

What fees does Pendle charge?

Pendle takes 0-0.5% on yield trades. Standard Solana network fees (∼$0.01) apply per transaction.

Do I need to claim rewards manually?

No—rewards auto-compound in Pendle vaults. For liquidity pools, claim via the “Portfolio” dashboard.

Ready to maximize your SOL? Follow this tutorial to start earning amplified yields on Pendle today. Always DYOR and secure your assets!