What is Solana Pledge? Solana pledge is a place where the owner of Solana coin (SOL) can "entrust" it to the verifier to obtain rewards, which is roughly the same way that you can "entrust" your legal tender to the bank to earn interest. So, how can we benefit from it? The following content will answer for you.

Pledge Solana is a great way to earn passive income in the form of pledge incentives. Rewards are paid in Sol. Using Solana Pledge means that you agree to lock a certain number of SOLs you choose for a period of time, during which time it is non expendable. However, SOL will never leave your wallet. You can take out SOL at any time. Just wait a few days to send or exchange funds.

Pledge SOL to actively support the Solana network, allocate resources for it, and make contributions to the stability of the network. In return for your support, you will receive Sol as a reward! Moreover, when you pledge SOL, what you really do is to entrust part of it to a so-called "verifier", which makes you become a "verifier" Solana verification program to verify and approve transactions on the Solana blockchain.

The more SOL entrusted to the verifier, the more transactions it needs to verify, and the more powerful it becomes. By delegating your token to the verifier, you are basically "voting" and expressing your trust in it. The more transactions the verifier verifies, the more money he makes. From these revenues, it feeds back to all those who entrust (pledge) SOL to it. This is the way to get rewards.

When you pledge SOL, you can select how many SOLs you want to entrust to the verifier. Moreover, the pledge can only be started when the amount of pledge exceeds 0.01 sol, because there is a minimum reserve of 0.01 sol. This reserve is sufficient to ensure that you pay the online transaction fees of Solana to successfully acquire shares and terminate the contract. When you pledge, you can only use any unsecured SOL amount in your wallet that exceeds the minimum reserve for transactions. The pledge will not take effect immediately. When you pledge your SOL, you need to wait for several periods before you can start to receive rewards.

Pledge and pledge release took effect at the epoch boundary. An era is about 2-4 days, but the time required for SOL to complete pledge and release pledge depends on your position in the era, the duration of the era, and the warm-up or cooling time. This means that if you start to pledge in the 100th era, you will start to earn effective rewards in the 102nd era.

The rewards will be paid in each subsequent period. After that, any additional SOL pledged by you also needs to wait for 2 epochs to obtain the effective amount of reward.

Rewards will be automatically drawn for you and added to your pledge balance, so you can automatically get more rewards! As a condition of Solana Network, if you want to get the bonus balance, you need to take out all your SOLs and put them in your wallet.

summary

Pledge SOL is completed in the form of non trust. This means it's as safe as putting SOL in your wallet. When your token is pledged, you can fully control the token, and you can even cancel the pledge at any time. Therefore, instead of leaving SOL idle in your wallet, you'd better make good use of it and let it earn returns for you!