How to Stake Compound (COMP) on Solflare

Solflare may not directly support COMP staking, but you can still use Solflare to buy COMP and transfer it for staking.

Current APY

3.0%

Price

$21.74

Platform Fee

Platform Type

wallet

Start Staking COMP on Solflare

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Step-by-Step: Stake COMP on Solflare

Install Solflare

Download and install Solflare from its official site. Set up a new wallet or import an existing seed phrase, and back up your recovery phrase securely.

Fund the wallet with COMP

Buy COMP on an exchange (Coinbase, Kraken, Binance) and withdraw to your Solflare address. Double-check the network before sending.

Open the staking section

In Solflare, navigate to the staking or earn tab for Compound. Pick a validator — look for low commission, long uptime, and avoid the top validator to support decentralization.

Delegate and confirm

Enter the amount of COMP to stake and confirm the transaction. Rewards typically begin accruing in 1–2 epochs and compound automatically or are claimable from the same screen.

Solflare for COMP Staking: Pros & Cons

Pros

+ Deeper staking analytics than Phantom (skip rate, MEV revenue)
+ Stake-account splitting and merging from the UI
+ Strong Ledger integration
+ Native LST support (mSOL, jitoSOL, bSOL, etc.)

Cons

- UX a bit more technical than Phantom
- Solana-only
- Smaller user base than Phantom (~1M vs 5M+)

FAQ: COMP Staking on Solflare

What APY can I earn staking COMP on Solflare?

The current estimated APY for COMP staking is around 3.0%. Actual rates vary based on network conditions, validator performance, and Solflare's fee structure (No platform fee — validator commission only).

Is staking COMP on Solflare safe?

Solflare is a non-custodial protocol with a low risk profile for COMP staking. As a non-custodial platform, you retain control of your private keys. Always assess your risk tolerance before staking.

How long does it take to unstake COMP from Solflare?

Unstaking times depend on the network: Until end of next epoch (~2–3 days). During the unstaking period, your COMP won't earn rewards.

What fees does Solflare charge for COMP staking?

Solflare charges No platform fee — validator commission only. These fees are typically deducted from your staking rewards automatically.

Can I stake COMP on other platforms?

Yes! You can compare all available platforms for COMP staking on our How to Stake Compound guide. Different platforms offer different APY rates, fees, and custody models.