Who is Pye and what is Speedstake?
Pye, the protocol bringing DeFi to Solana Staking, launched an app that shifts the dynamics of staking rewards.
Speedstake lets stakers receive their future staking rewards today rather than waiting for them to accrue over time. This gives stakers early liquidity on their staking rewards, freeing up capital now while keeping their SOL locked in the validator for fixed terms.
Currently 65% of SOL sits locked in native stake on the network — illiquid and idle. It earns rewards epoch by epoch, but those rewards only become spendable as they build up. For a staker who needs liquidity sooner, there's typically just one option: unstake.
Blocksize Stakers Can Now Get Their Rewards Early
Blocksize has integrated with Pye to give our stakers instant liquidity on their staking rewards, without touching their principal.
When you stake, your rewards build up gradually, epoch by epoch. Speedstake, a product from Pye, enables Blocksize stakers to sell those future rewards for SOL today, while their staked SOL stays delegated and untouched. No unstaking, no waiting.
Why Wait for Rewards When You Can Get Them Now?
- Hedge your SOL exposure: Convert future rewards to SOL now and rotate into stables, locking in value even if SOL drops.
- Play with the upside: Put your rewards to work on more diversified plays while your staked position stays put.
- Liquidity when you need it: Access capital now instead of waiting epochs for a stake account to deactivate.
How To Speedstake
- Visit the Blocksize validator page
- Connect your wallet
- Speedstake detects your existing SOL stake with Blocksize automatically (you need to be staked to Blocksize)
- Choose a quarterly lockup period.
- Then sell your future rewards.
When you deposit into a lockup, Pye splits your position into two tokens: a Principal Token and a Reward Token. Speedstake sells your Reward Token on Pye's on-chain orderbook.
Your delegation stays with Blocksize for the full lockup. Everything settles on-chain, so you keep custody of your SOL.
