Solana

Last updated: Aug 23 2020

Protocol teams occasionally change the delegation / staking process. If the following instructions do not work, please email support@bisontrails.co for assistance.


Solana is a fast, secure, and scalable blockchain network for distributed apps, marketplaces, and enterprise applications.

By encoding the passage of time as data, Proof of History (PoH) provides a sense of trustless time and message ordering before consensus, reducing messaging overhead between nodes in the network and enabling greater overall scalability.

Minimum Tokens to Delegate

1 SOL

Warm Up Period

2 days

Unbonding Period

2 days

Start Delegating $SOL

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Bison Trails’ Validator Identity


XkCriyrNwS3G4rzAXtG5B1nnvb5Ka1JtCku93VqeKAr

Bison Trails’ Validator Vote Account Address


beefKGBWeSpHzYBHZXwp5So7wdQGX6mu4ZHCsH3uTar

Delegation Instructions

Currently, staking is available on SolFlare, a digital wallet created specifically for the Solana Network, with a Keystore File or Ledger Nano S.

In addition, staking is available using any wallet that interacts with Solana command line tools, such as Ledger Nano S and paper wallet. Before you begin with the CLI, please be sure you have created a stake account (different than a wallet address) in a supported wallet. If you need help creating a staking account, follow this guide.

Using a Keystore File on SolFlare...

1. Create a Wallet

  1. Click Create a Wallet
  2. Select the “Using Keystore File” tab
  3. Click Next
  4. Create and enter your password twice. Be sure to save it somewhere safe offline.
  5. Click Next
  6. Download your Keystore File and put it somewhere secure. You will not be able to access your wallet without it.
  7. Click Next
  8. Upload your Keystore File to verify it has downloaded correctly.
  9. Click Finish

2. Access Your Wallet

  1. Click Access
  2. Enter your password
  3. Upload your Keystore File
  4. Click Access

3. Transfer SOL to your wallet

  1. Go to the account currently holding your SOL.
  2. Transfer SOL to your SolFlare wallet address which can be copied directly from the wallet interface.

4. Create a stake account

  1. Click Get Started at the bottom of the wallet interface.
  2. Enter the amount you want to stake. Do not put all of your SOL in the stake account as you will need to leave a small amount for transaction fees.
  3. Click Next
  4. Fill in your password

5. Delegate your SOL to Bison Trails' Validator Node

  1. Select the Staking Tab at the top of the SolFlare interface
  2. Click Delegate Now for your staking account
  3. Select Bison Trails’ validator (beefKGBWeSpHzYBHZXwp5So7wdQGX6mu4ZHCsH3uTar)
  4. Click Next
  5. Fill in your password
  6. Click Confirm
  7. Wait until a “Transaction complete!” message appears

Using Solana command line tools...

1. Delegate Your Sol to Our Validator Node

  1. Open your stake account on a supported wallet
  2. Use Bison Trails’ vote account address beefKGBWeSpHzYBHZXwp5So7wdQGX6mu4ZHCsH3uTar in solana delegate-stake

    solana delegate-stake --stake-authority <KEYPAIR> <STAKE_ACCOUNT_ADDRESS> <VOTE_ACCOUNT_ADDRESS> \

    --fee-payer <KEYPAIR>

2. View Your Delegation

  1. Use solana stake-account to see the changes in your stake account.

    solana stake-account <STAKE_ACCOUNT_ADDRESS>

Congratulations! You are now delegating to the Bison Trails validator.

FAQ

Inflation and rewards are not currently enabled on Solana’s Mainnet Beta network but may be in the future.

Slashing is not currently enabled on Solana’s Mainnet Beta network but may be in the future.

Interested in delegating on other protocols?

Have tokens on other networks? Learn more about delegating to our public validators on Celo, Cosmos, Edgeware, Kusama, Livepeer, Ontology, Polkadot, and more. We also offer dedicated participation clusters.


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Please review our Digital Asset Rights Delegation Agreement.

bison cool

THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY. PLEASE DO NOT CONSTRUE ANY SUCH INFORMATION OR OTHER MATERIAL CONTAINED IN THIS DOCUMENT AS LEGAL, TAX, INVESTMENT, FINANCIAL, OR OTHER ADVICE. THIS DOCUMENT AND THE INFORMATION CONTAINED HEREIN IS NOT A RECOMMENDATION OR ENDORSEMENT OF ANY DIGITAL ASSET, PROTOCOL, NETWORK OR PROJECT. HOWEVER, BISON TRAILS (INCLUDING ITS AFFILIATES AND/OR EMPLOYEES) MAY HAVE, OR MAY IN THE FUTURE HAVE, A SIGNIFICANT FINANCIAL INTEREST IN, AND MAY RECEIVE COMPENSATION FOR SERVICES RELATED TO, ONE OR MORE OF THE DIGITAL ASSETS, PROTOCOLS, NETWORKS, ENTITIES, PROJECTS AND/OR VENTURES DISCUSSED HEREIN.

THE RISK OF LOSS IN CRYPTOCURRENCY, INCLUDING STAKING, CAN BE SUBSTANTIAL AND NOTHING HEREIN IS INTENDED TO BE A GUARANTEE AGAINST THE POSSIBILITY OF LOSS. THIS DOCUMENT AND THE CONTENT CONTAINED HEREIN ARE BASED ON INFORMATION WHICH IS BELIEVED TO BE RELIABLE AND HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE BUT BISON TRAILS MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE FAIRNESS, ACCURACY, ADEQUACY, REASONABLENESS OR COMPLETENESS OF SUCH INFORMATION.

ANY USE OF BISON TRAILS’ SERVICES MAY BE CONTINGENT ON COMPLETION OF BISON TRAILS’ ONBOARDING PROCESS, INCLUDING ENTRANCE INTO APPLICABLE LEGAL DOCUMENTATION AND WILL BE, AT ALL TIMES, SUBJECT TO AND GOVERNED BY BISON TRAILS’ POLICIES, INCLUDING WITHOUT LIMITATION, ITS TERMS OF SERVICE AND PRIVACY POLICY, AS MAY BE AMENDED FROM TIME TO TIME.

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Questions?

If you have questions, or if you are interested in running a validator on the Bison Trails platform, please contact us. Our protocol specialists are happy to assist you.