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Solflare Wallet Pledges to Cover Missed Staking Rewards After Validator Outage
(3 hours ago) · 1 source · Summarized by CryptoBipto
Solana wallet provider Solflare has committed to compensating users for missed staking rewards after its validator node went offline. The outage affected approximately $160 million in staked assets. Solflare says it will cover the rewards that users would have earned during the downtime.
WHY IT MATTERS
Staking is a process where crypto holders lock up their tokens to help secure a blockchain network, earning rewards in return — similar to earning interest in a savings account.
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SOURCES
- coindesk.com
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SOLStakingSolana EcosystemValidator InfrastructureUser Compensation
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