I see MCF and it gives a high yield with 0% commission and others. But with these validators once you stake can they ever steal your Solana? and how long does it take to stake or unstake?
I see MCF and it gives a high yield with 0% commission and others. But with these validators once you stake can they ever steal your Solana? and how long does it take to stake or unstake?
As many others said, they can’t. Very simply put, u r just letting the network know that u “let this validator speak for u with X much of sol power u locked” (kinda)Reason the high yield validator + 0% fees! exist is that 1. Validator is new and want to promote (mostly temporary 0% fee) 2. Validator will, nearing the staking reward, increase the commission (validator’s share of staking reward) to 100%. Therefore they get all the staking rewards from ur sol power (which isn’t what u want).If you don’t want to stress over commission changes n’stuff, u might wanna check out “Liquid Staking”. Simply put, protocol picks best validators and manages staking for u, like a fund manager for staking. Difference is instead of locking raw sol in wallet, u will “deposit” ur sol into the protocol and mint equivalent a proof-of-deposit tokens in ur wallet. These will by nature accrue sol values over time so that when you return/swap that proof-of-deposit tokens after some time u get original amount + earned sol from staking. These tokens are treated as sol equivalents in many defi protocols on solana. (lose’em u don’t get ur sol back)
If you want to check out I recommendMarinade [ mSol ] https://marinade.finance/ - OG, great comprehensive guide, can never go wrongJito Network [ jitoSol ] https://www.jito.network/ - Building reputations, currently on points event (implying possible airdrop)SolBlaze [ bSol ] https://solblaze.org/ - New, lots of promo with defi, also airdrops