Sanctum
https://www.sanctum.so/
REFERRAL LINK: https://sanc.tm/w?ref=7D92A8
USE CODE: 7D92A8
What is Sanctum on Solana?
Sanctum’s mission is to build a thriving liquid staking ecosystem on Solana, focusing on creating a more fluid, decentralized financial landscape on the Solana blockchain. It primarily operates as a stability protocol that provides a reserve pool of SOL, the native cryptocurrency of Solana, to help buffer the network against financial shocks. This is achieved by enabling users to stake their SOL in exchange for liquid staking tokens (LSTs), which can be traded or used more freely than traditional staked assets, thereby maintaining liquidity even while the assets are staked.
One of the standout features of Sanctum is its “Infinity Pool,” a liquidity pool into which users can deposit either SOL or various LSTs. In return, they receive the Infinity (INF) token, which represents their share of the pool and can be staked or traded. This model aims to enhance the accessibility and usability of staked SOL, facilitating easier trades and transactions within the Solana ecosystem.
Additionally, Sanctum introduces an innovative gamified aspect called “Wonderland,” where users can interact with a virtual environment that rewards them for holding and using LSTs. This environment includes collecting and evolving virtual pets tied to specific LSTs, completing community quests, and participating in a larger gamified ecosystem, which adds a layer of engagement to the staking process.
Sanctum has also been a crucial part of developing and integrating technology that allows for seamless swaps and interactions with LSTs on the Solana network, contributing to its growth and the decentralization of its financial systems.
All About Sanctum
Sanctum’s mission is to build a thriving liquid staking ecosystem on Solana. They want to make all SOL staked, and all staked SOL liquid. This is a future where LSTs are truly accessible to all – you can issue your own LST without worrying about liquidity, and you can browse infinitely-many LSTs to invest in your favorite ones.
What is Infinity?
Infinity is a multi-LST liquidity pool (LP). Infinity is the only liquidity pool able to support millions of different LSTs natively. Because all LSTs can be converted into a stake account, it is possible to calculate a fair price for every LST by looking at the SOL contained in the stake account. This lets Infinity support swaps between any two LSTs of any size without having to rely on any constant-product or stableswap invariant.
Sanctum Airdrop Guide
The Sanctum airdrop has now been confirmed with their wonderland campaign going live and them winning the LFG launchpad round 2. Sanctum is a new tool on Solana that makes it easy and flexible for your Solana to work for you at sustainable, high interest rates around 10%. It lets you switch your SOL into a special form called liquid staking that still earns money for you but can be quickly changed back to regular SOL whenever you want. Avoiding the de-staking period from regular validators.
What is Sanctum?
Sanctum is a Solana-based protocol designed to act as a unified liquidity layer to address the fragmentation and inefficiencies associated with an ecosystem having multiple LSTs.
Sanctum: Solana’s Liquid Staking Layer
By enabling users to stake SOL and simultaneously access their capital through derivative tokens, liquid staking marries security contributions to network consensus with financial flexibility, making it an increasingly popular choice among savvy investors seeking to maximize their profits.
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