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Sanctum
Sanctum is a Solana liquid staking protocol enhancing the staking experience with liquidity.
Sanctum
What is Sanctum?
Sanctum is a Solana-based liquid staking protocol designed to enhance the staking experience by providing liquidity and additional rewards for staked SOL tokens. It allows users to stake their SOL and receive Liquid Staking Tokens (LST), which can be traded or used in DeFi applications while still earning staking rewards.
Key features
- ✅ Trading: Quick swapping of supported LSTs.
- ✅ Staking Accounts: Conversion of regular SOL staking accounts to LSTs.
- ✅ LST Information: Detailed insights into supported LSTs.
What does Sanctum do?
Sanctum enables users to stake their SOL tokens in a liquid form, meaning they can access their staked capital through derivative tokens while continuing to earn staking rewards. The platform offers various features such as swapping between LSTs, staking accounts conversion, and participation in rewards programs. Users can deposit their LSTs into the Infinity Pool to receive yield-bearing Infinity (INF) tokens, trade LSTs quickly, and convert regular SOL staking accounts into LSTs.
Why is Sanctum unique?
Sanctum stands out by offering a unified liquidity layer for Solana LSTs, addressing the fragmentation of liquidity across multiple LST providers. Its unique features, such as the Infinity Pool and the Wonderland rewards program, provide additional incentives and benefits for staking SOL. The Wonderland program, in particular, gamifies the staking experience by allowing users to earn experience points and rewards through holding LSTs and participating in community tasks.
Pricing
Paid - You need to stake $SOL to participate (0.1 $SOL min.)
Frequently Asked Questions
Sanctum is a liquid staking platform on the Solana blockchain that allows users to stake their SOL tokens and receive Liquid Staking Tokens (LSTs) in return. These LSTs can be traded, used in decentralized finance (DeFi) applications, or transferred while still earning staking rewards.
In Sanctum, users stake their SOL tokens into a smart contract or staking pool. In return, they receive LSTs that represent their staked SOL. These LSTs provide liquidity, enabling users to engage in various DeFi activities while still earning staking rewards from their underlying assets.
Validator LSTs are tokens that represent staked SOL with specific validators. They combine the benefits of native staking, such as zero fees and validator selection, with the liquidity advantages of liquid staking.
