Okay Bears Launch Validator Node on Solana

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Okay Bears set up its own validator node on the Solana network encouraging users to stake their $SOL by choosing its node over other validators.

Solana is a proof-of-stake blockchain which works off a system of validators that double-check and update transactions. By setting up the Okay Node, Okay Bears will receive rewards made up of transaction fees based on an inflation schedule and how much $SOL is staked.

Users can stake their $SOL through the Phantom wallet and earn 2 percent commission. Validators also help contribute to the decentralization of the network.

To stake with the Okay Node, follow these steps through a Phantom wallet:

How to stake $SOL on the new @OkayBears node from Phantom wallet: pic.twitter.com/asQLUVA5a0
— TD (@tdaremarquis) August 8, 2022

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.