Sanctum.so is an innovative platform on the Solana blockchain that allows users to stake their SOL while maintaining liquidity through Liquid Staking Tokens (LSTs). These tokens offer a unique solution for staking in decentralized finance (DeFi), ensuring users can still trade or use their assets even while they’re staked.

What Are Liquid Staking Tokens (LSTs)?

Traditionally, staking requires locking up your assets to earn rewards, meaning they become illiquid and can’t be used elsewhere. LSTs solve this problem by allowing you to stake SOL and still receive liquid tokens that represent your staked position. These LSTs can be traded, lent, or used across Solana’s DeFi ecosystem, all while continuing to earn staking rewards.

How to Get Liquid Staking Tokens on Sanctum.so

1. Create or Connect Your Wallet: Visit Sanctum.so and connect your Solana-based wallet, such as Phantom or Solflare.
2. Deposit SOL: Choose the amount of SOL you want to stake. The platform will automatically stake your SOL through its decentralized mechanism.
3. Receive LSTs: Upon staking, Sanctum issues LSTs equivalent to your staked amount. These tokens can be freely used while your SOL remains staked, earning you rewards over time.

Why LSTs Are Beneficial

1. Liquidity: Even when your SOL is staked, you can still trade, sell, or use your LSTs within the Solana ecosystem, providing flexibility.
2. Dual Earning Potential: While earning staking rewards, you can also use your LSTs for yield farming, lending, or borrowing in Solana’s DeFi landscape.
3. Enhanced Security: Sanctum uses secure, decentralized mechanisms to ensure that your staked assets are protected while earning returns.
4. Maximizing Utility: Staking typically locks up assets for a period of time, but LSTs allow you to still access liquidity and participate in DeFi without missing out on staking rewards.

How Does Sanctum.so Simplify Staking?

Sanctum offers a user-friendly interface that takes the complexity out of staking. Users can seamlessly stake their SOL and receive LSTs with minimal effort. This means that even if you’re new to DeFi, you can easily start staking without the technical barriers that usually come with blockchain systems.

The platform also integrates with popular Solana-based wallets, making it easy to connect your assets and monitor your staking performance in real time.

How to Use Your LSTs

Once you receive your LSTs, you can:

• Trade or Sell: Use decentralized exchanges (DEXs) like Jupiter to trade your LSTs.
• Borrow and Lend: Utilize your LSTs in lending protocols on Solana to earn additional returns or borrow against them.
• Yield Farming: Participate in Solana-based yield farms, leveraging your LSTs to maximize returns while your original SOL remains staked.

The Future of Liquid Staking Tokens

The introduction of Liquid Staking Tokens represents a significant evolution in how users can engage with staking and DeFi. With Solana’s fast and low-cost transactions, Sanctum’s LSTs open up new possibilities for maximizing returns without sacrificing liquidity. As DeFi continues to expand, we can expect LSTs to play a central role in how users manage their assets, making staking more flexible, secure, and efficient.

Conclusion

Sanctum.so and its Liquid Staking Tokens offer a groundbreaking approach to staking on the Solana blockchain. With the ability to maintain liquidity while earning staking rewards, LSTs provide users with flexibility and increased utility within the growing DeFi ecosystem. Whether you’re new to staking or a seasoned crypto user, Sanctum simplifies the process and empowers you to get the most out of your assets.

Start liquid staking today at Sanctum.so and take full advantage of Liquid Staking Tokens!