Solayer Staked SOL wallet

What is Solayer Staked SOL (SSOL)?

Solayer takes Solana staking a step further than ordinary liquid staking. SOL deposited there is staked, and the stake is then pointed at applications as a way of supporting their access to network bandwidth and transaction inclusion. sSOL is the token you get back for that deposit: a transferable claim on stake that is already committed, which you can move, hold or use elsewhere on Solana while it stays committed.

The balance behaves the way staked-SOL tokens do, not the way a rebasing token does. The number of sSOL you hold does not climb; what changes is how much SOL one sSOL stands for as the underlying stake progresses. So a static figure in the wallet is expected. The practical consequence is that sSOL and SOL are not one to one, and any conversion happens at the current ratio rather than at par.

It is an SPL token, which brings the usual Solana details: its own token account under your address, a small SOL rent deposit to keep that account open, and SOL for every transfer fee. Redeeming to SOL runs through Solayer, either instantly against available liquidity or by unwinding the stake, which waits on the epoch cycle. Keep sSOL apart from Solayer's other tokens, which serve different purposes entirely.

Supported networks in Tangem (1): Solana. All of the work behind sSOL happens on-chain and none of it needs you present, so the app only reads what the network reports and the card does nothing until you actually want to move something. A position meant to sit committed for a long while asks for exactly that kind of quiet.