Trezor Adds Solana Staking with 7% APY, Boosts User Control

Trezor, a leading hardware wallet company, has announced the integration of Solana (SOL) staking into its cryptocurrency management application, Trezor Suite. This new feature allows Solana holders to stake their tokens directly from their Trezor wallet, ensuring full self-custody and security. The staking process is facilitated through Everstake, a staking-as-a-service provider, enabling users to delegate their tokens to validators and contribute to the security and decentralization of the Solana network.

Staking SOL through Trezor Suite offers several key benefits. Users can grow their holdings with a competitive annual percentage yield (APY) of up to 7%, while maintaining complete control over their assets. The low entry barrier of just 0.01 SOL makes staking accessible to a wide range of users. Additionally, Trezor Suite's intuitive interface simplifies the delegation process, ensuring a secure and efficient staking experience.

This new feature extends the functionality of Trezor Suite, which already supports buying, selling, and exchanging cryptocurrencies within a single interface. It is compatible with Trezor Model T, Trezor Safe 3, and Trezor Safe 5, providing users with a comprehensive crypto management solution. The integration of Solana staking is expected to attract more users to the platform, as it offers a convenient and secure way to participate in the Solana ecosystem.

Trezor, founded in 2013, has been at the forefront of self-custody solutions for crypto assets. The company's commitment to security and user control has led to the development of a range of hardware and software products that cater to both novice and expert users. In 2023, Trezor launched Trezor Academy, an initiative aimed at educating grassroots communities about safe participation in the crypto ecosystem. The company is part of SatoshiLabs, a technology holding company focused on Bitcoin and crypto innovation.

The introduction of Solana staking in Trezor Suite is a significant step forward for the company, demonstrating its dedication to innovation and user satisfaction. By continuously improving its products and services, Trezor is positioning itself as a leader in the hardware wallet market. This new feature is part of Trezor's ongoing efforts to provide users with a comprehensive and secure cryptocurrency management experience, further solidifying its reputation as a pioneer in the industry.