SHILL Issue 155

@0xGumshoe
People are making almost 15% APY on SOL Staking, why
aren’t you? Introducing @sanctumso, the LST king Here’s
everything you need to know.
What is Sanctum?
Sanctum is a new primitive built on Solana to power liquid
staking and bring Solana into an infinite-LST future.
Staked SOL Problems
Staked SOL secures the network but can’t be used for anything
else, and unstaked SOL has a lot of utility but doesn’t
help secure the network This is where Sanctum and LSTs
come in.
Infinite LSTs
Sanctum wants Solana to have infinite LSTs. Imagine being
able to trade on Tensor or have your bids accrue APY while
sitting on Tensor because you are holding TensorSOL. Imagine
the same for NFT platforms like Sharky.
How to Start
Go to @sanctumso’s website and:
- Choose one of the Blue Checkmarks (Sanctum List) LSTs
- Stake (Basically swap SOL to the preferred LST)
- Confirm Transaction
...and you’re now getting almost double the regular Staked
SOL APY
Powering the SOL Economy
One of the main issues with LSTs is fragmented liquidity
(multiple pools, bad incentives) Sanctum solved this with
its unified liquidity layer, allowing anyone to trade in size
without slippage.
Tokenless Protocol
Tokenless protocols may eventually launch tokens and
assuming there’s an airdrop you may qualify by holding
INFSOL. The best airdrops are the unexpected ones.
Final Thoughts
Have some exposure to LSTs or you’re not generating any
yield on SOL and are technically losing money due to the
SOL inflation tokenomics.
Sanctum wants infinite LSTs so that you can always generate
yield on your SOL, no matter where you have it.