Trezor offers 7% APY on Solana staking

Trezor, a leading hardware wallet company, has integrated Solana (CRYPTO:SOL) staking into its Trezor Suite application through a partnership with Everstake, a reputable staking-as-a-service provider.

This update allows Solana holders to stake their tokens directly from their Trezor wallets while maintaining full control over their assets.

The integration enables users to contribute to the security and decentralisation of the Solana network by delegating their SOL tokens to validators.

In return, users can earn up to a 7% annual percentage yield (APY), providing a passive income stream while supporting the network's integrity and resilience.

Trezor's approach ensures that users retain full self-custody of their SOL tokens, meaning they remain in control of their private keys and funds at all times.

This is a significant advantage over custodial services, where assets are held by third parties.

The staking feature is accessible with a low entry barrier of just 0.01 SOL, making it available to a wide range of users, from small-scale investors to larger holders.

The intuitive interface of Trezor Suite simplifies the delegation process, ensuring that users can easily stake their SOL without compromising security standards.

This integration is part of Trezor's broader mission to provide comprehensive and secure solutions for cryptocurrency management.

By expanding its offerings to include Solana staking, Trezor is enhancing its position as a leader in self-custody solutions for crypto assets.

"With a low entry barrier of just 0.01 SOL, staking is accessible to a broad range of users," Trezor noted, highlighting the democratisation of staking opportunities for SOL holders. 

At the time of reporting, the Solana (SOL) price was $127.57.