Cryptocurrency Q&A Can you lose money staking Solana?

Can you lose money staking Solana?

noah_doe_writer noah_doe_writer Sat Nov 30 2024 | 7 answers 1719
I've been considering staking Solana for passive income, but I'm concerned about the potential risks. Specifically, I want to know if there's a chance I could lose money by staking Solana. Can you lose money staking Solana?

7 answers

Raffaele Raffaele Mon Dec 02 2024
Slashing can occur if the validator you choose engages in malicious activity.

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Michele Michele Mon Dec 02 2024
Staking Solana involves a certain level of risk.

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GyeongjuGloryDaysFestivalJoy GyeongjuGloryDaysFestivalJoy Mon Dec 02 2024
One potential risk is the loss of some of your staked Solana due to slashing.

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Nicola Nicola Sun Dec 01 2024
BTCC is a top cryptocurrency exchange that offers a range of services.

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Carlo Carlo Sun Dec 01 2024
Additionally, slashing can happen if the validator fails to meet the network's performance standards.

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