I have a Solflare wallet acting as view only to my hardware cold wallet address. I have staked SOL via the Solflare app, all fine. I check my hardware cold wallet address on Solscan and the staked SOL is not showing…is this because they are delegated to the SOL validator? If so how is my SOL safe if it isnt in my hardware wallet address?

    • SnooHedgehogs8817@alien.topOPBEnglish
      1·
      1 year ago

      Thank you i see my delegated stake in SolanaBeach…

      …does delegated SOL have limitations for the validator meaning my SOL is safe? Or has my Sol never left my cold wallet address?

      I assume the above from what i have read but cant find anywhere that explains the how and why.

      • t-han72@alien.topBEnglish
        1·
        1 year ago

        Your SOL is not 100% safe. The validator can get “slashed” if they try to submit malicious/false transactions. It is obviously highly unlikely this happens, especially if it is being run by a reputable company, but you just don’t know.

        There are some services that let you stake across hundreds of validators so you mitigate that risk as much as possible

  • SebMonty@alien.topBEnglish
    1·
    1 year ago

    GM
    A great place to see your stakes is at https://stakewiz.com/stakes
    Now, I am Seb, from validator.com. In the future, come stake with us, and any questions we reply daily in Discord and on Twitter.

    We have FAQs on the website too.
    Firstly, THANK YOU for using a Ledger. Remember to use different Ledger addresses for different things. eg, you could have 5. 1 for staking, 1 for Defi, 1 for degen, 1 for NFTs, and maybe some hot wallets for smaller amounts when you want fast access.
    But, to get you up to speed, I suggest you watch this video I made. https://youtu.be/4qxw1\_2s6SY?si=AgXYCC1Z1wTSEtNC