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Top Coins to Stake on Solana: Exploring the Best Options for High Yields

By: illustrious
May 8, 2023 10:07 AM EDT
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Solana has become one of the most popular blockchains in the crypto space, boasting high-speed transactions, low fees, and a rapidly growing ecosystem of decentralized applications (dApps). As a result, many investors are looking to capitalize on the opportunities that staking Solana-based coins can offer. In this article, we will explore three of the best coins to stake on Solana, offering promising annual yields for potential investors.

PRISM Protocol (PRISM): 24.12% APY (Auto Compounding)

PRISM Protocol is an innovative decentralized finance (DeFi) platform built on the Solana blockchain. The platform focuses on aggregating all major liquidity sources and AMMs on Solana to provide users with the best swap prices. PRISM's native token, PRISM, can be staked to earn a competitive 24.12% APY, with the added advantage of auto-compounding.

Source: PRISM

By participating in PRISM staking, investors not only enjoy high returns but also contribute to the growth and development of the platform. As the PRISM Protocol continues to capture traders seeking the best swaps, the value of the PRISM token may increase, providing additional benefits for stakers from accrued fees.

Step Finance (xSTEP): 23.23% APY (Auto Compounding)

Step Finance is an analytics platform built on the Solana blockchain. It serves as a portfolio visualizer and gives insights into on-chain activity. The platform's native token, STEP, can be staked to earn an impressive 23.23% APY with auto-compounding through their staking token, xSTEP.

Source: Step Finance

Auto-compounding refers to the automatic reinvestment of earned rewards into the staking pool, allowing users to maximize their returns by continuously adding to their principal balance. As a result, Step Finance's auto-compounding feature offers investors the potential for significant long-term gains with minimal effort.

Raydium (RAY): 10.78% APR

Raydium is another popular DeFi platform on Solana, known for being an automated market maker (AMM) and liquidity provider. Raydium also allows users to trade, stake, and participate in yield farming, making it a versatile and accessible choice for DeFi enthusiasts.

Source: Raydium

By staking RAY tokens, users can earn an attractive 9.97% APR. Although this yield is lower than xSTEP, Raydium's established reputation and robust ecosystem make it a strong choice for investors seeking a balance between risk and reward. Additionally, the platform often announces new liquidity pools and partnerships, which can result in new staking opportunities and increased token value.

Tulip Protocol (TULIP): 7.49% APR (Auto Compounding)

The Tulip Protocol is a Solana-based DeFi platform focused on providing advanced auto-compounding vault strategies for yield farmers, with a borrow/lending market for leverage farming. Their native token, Tulip, can be staked for a 7.49% APR, making it a viable option for those looking for a slightly more conservative staking choice.

Source: Tulip Protocol

While Tulip's APR is lower than Step Finance and Raydium, it is still a competitive yield compared to traditional finance alternatives and also offers auto-compounding rewards. Furthermore, the Tulip Protocol's focus on scalability and efficiency could lead to an increase in token value as the platform continues to grow and evolve.


Staking on Solana-based platforms offers a variety of opportunities for investors to earn high yields while supporting the growth of the blockchain ecosystem. PRISM's PRISM, Step Finance's xSTEP, Raydium's RAY, and Tulip Protocol's Tulip are four of the best options available, with each providing different risk-reward profiles and potential benefits. As always, it is essential to conduct thorough research and consider your risk tolerance before investing in any staking opportunity. Happy staking!

Always experimenting.

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