Solana Compass, a leading provider of staking tools and services, has announced the launch of its new staking app. The dashboard offers a range of features and tools designed to help stakers manage their stakes, including tax reporting in your own currency, stake health alerts, and the ability to withdraw just part of a stake account without undelegating the entire account.
One of the key features of the app is tax reporting in the staker's own currency. This will enable stakers to more easily track and report their daily earnings in USD, EUR, GBP and more for tax purposes. Other features include stake health alerts, which will notify stakers if their accounts have issues or are underperforming, and the ability to withdraw just part of a stake account without undelegating it all.
On the dashboard stakers can see charts of their stake's performance, and a breakdown of their current portfolio between spot, staked and liquid stake accounts. They can also delegate new stakes to the validator of their choice, withdraw, split and merge stake accounts. In addition, users can view their liquid staking balances in stake pools such as Marinade, Socean and Jpool.
With the Solana Compass app, stakers can now manage their stakes more easily and efficiently, making it an essential tool for anyone looking to maximise their returns from staking.
Commenting on the launch, Solana Compass CEO, Jonny, said: "The launch of our new staking app is a major milestone for Solana Compass. It brings together all the features that stakers need in one place and makes it easy to manage your stake. We're excited to be able to offer this to our users and we're confident that it will help them get the most out of their Solana investments."
The launch of the app comes as the Solana network continues to grow in popularity, with more and more users looking to stake their SOL tokens and earn rewards. Staking allows users to earn rewards for participating in the security and governance of blockchains and has become an increasingly popular way to generate passive income. At the time of writing the average returns for staking on the Solana network were between 6 - 6.5%
About Solana Compass
Solana Compass is a website offering token swaps, guides and tools for stakers on the Solana. Launched in September 2021, Solana Compass also run a validator that helps secure the Solana network and offers stakers high returns with low fees. It also offers a range of reports and dashboards offering statistics on the Solana ecosystem, including lists and comparisons of validators and stake pools, token prices, and reporting and tools for stakers.