Staking SOL is a great way to earn passive income, but choosing the right validator is crucial. The wrong validator could lead to lower rewards or even penalties.
Factors to Consider When Choosing a Validator
- 🔹 Uptime and Reliability - Pick validators with a history of high uptime and low slashing risks.
- 🔹 Commission Rate - Lower commission rates mean more rewards for you, but extremely low rates could be unsustainable.
- 🔹 Decentralization - Avoid large validators that control a significant portion of the network.
- 🔹 Performance Metrics - Use tools like Solana Beach and Validators.app to check validator stats.
Choosing wisely ensures maximum staking rewards with minimal risks.