Delegate to Stake.Cake3QhgJerJqkAtuwZzEcsnd7cTwZFnvHwTBsb5cyjunpBW Identity: 8augxYLUge2iWmitQMwbcBL5VQEpsM6aJdRofhwpnzyw
What is Solana?
Solana is a blockchain for fast, secure, scalable, decentralized apps and marketplaces. Solana’s mainnet beta has launched in March 2020. To learn more, please see their official documentation.
What are validating and delegating?
New blocks on Solana are proposed by validators. To enable Solana to run seamlessly, validators need the technical capabilities to offer a secure, always on infrastructure. Not everyone is able to do this. Some token holders participate indirectly by delegating the tokens they have to a validator. Validators are running a service for delegators. They typically charge a fee to cover their operational costs.
Why should you delegate?
By delegating SOL, you help secure the network. You get part of the rewards provided by the protocol for this assistance. If you are planning to hold on to SOL for some time, delegating will help you accumulate more SOL while contributing to the health of the network.
What happens to the ownership of SOL after they’re delegated?
You are not giving away ownership of SOL by delegating. As a validator, Stake.Cake will never have the ability to move your SOL.
What does Steke.Cake get out of this?
We charge 10% from the block rewards received by our delegators. For example, if a delegator receives 100 SOL as a reward, stakefish will receive 10 SOL while the delegator will get 90 SOL.