Sanctum Airdrop Guide

sanctum-airdrop-guide
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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.

Read below for exact steps on how to participate in the Sanctum Wonderland campaign to collect Pets, earn EXP, and participate in community Quests. With the quest answers included.

How to Join Sanctum Airdrop:

  1. .

    Connect to website

    Visit the Sanctum Website and connect your wallet with SOL in. You will be prompted to “Join Wonderland”, the code should already be filled out but if it is not enter “FQHTPW”. This will give you a 10% bonus and also the chance to win a bonus reward at the end of Season 1. You are now done with the first step to both earning with Sanctum and entering Wonderland.

  2. .

    Collect Pets and Earn EXP

    Once enrolled in Wonderland, any LST amounting to at least 0.1 SOL will earn you a Pet. These Pets earn EXP based on the amount of LST you hold—10 EXP per minute for every 1 SOL worth of LST. Pets and their experience points (EXP) are crucial for leveling up and unlocking new forms. Critical for the airdrop. As well as this, every LST also earns a 10% APR. So any spare Solana you have should be turned into an LST in my opinion.

    The developers have openly expressed they liked the airdrop style used by Kamino. This means there is 2 key things we potentially can do: concentrate your investment in a single wallet rather than spreading it across multiple ones, and focus on long-term holding. There could also be extra benefits to holding all LSTs but this is unconfirmed.

  3. .

    Best Sanctum EXP Strategy

    It’s advisable to allocate at least 50% of your SOL to INFSOL and distribute the remainder among three to four other LSTs. Since most participants typically invest only 1-2 SOL in additional LSTs. As for which other LSTs to prioritise, focus on other protocols which could have airdrops. These include Hsol (helium), Bonksol (bonk), JUPsol (Jupiter) & Dsol (drift). Full benefits of different LST’s are at the end of this article. The other option is to focus heavily on INFSOL then put the minimum (0.1 sol) into every single pet and collect all 18. These is no confirmation this will have an extra benefit but I did this anyway.

    So I have 75% in INF, at least 0.15 SOL in every single other pet. Then 1 – 5 SOL in the LSTs listed above.

  4. .

    Deposit your INF LST into an extra pool

    Sanctum have also announced that you can put your sanctum LST into a separate pool such as the ones listed below and still earn 10 EXP per minute for every 1 SOL worth of INF. This means while getting wonderland EXP you can also earn Switchboard, Marginfi & Kamino points at the same time!

    I recommend putting some in Marginfi if you can although the pool fills up extremely quickly due to the demand.

  5. .

    Engage in Community Quests

    By participating in Community Quests, you not only help unlock more of Wonderland but also stand a chance to earn EXP Multipliers for your Pets. These Multipliers accelerate the rate at which your Pets earn EXP and are unlocked by completing quests that require collaborative community efforts. The week 4 quest is live this Friday (25th).

  6. .

    Monitor and Maximize Your Benefits

    Keep an eye on the number of Referral Cupcakes you earn through referrals and the overall progress in leveling up your Pets. Visit Sanctum’s Season 1 Pets Guide for more information on the types of Pets available and strategies to maximize your earnings. Alternatively, add sanctum to the airdrop tracker to get reminders about quests and bookmark this post to get provided with updates.

  7. Need some help? simply watch the step-by-step video below or join our discord.

By following these updated steps, you can maximize your involvement in Sanctum’s offerings and enjoy almost double the regular staked SOL Annual Percentage Yield (APY) of around 10%, while also diving into the interactive elements of Wonderland.

Sanctum quest answers

week 1: Live, hold INF right now for 4x XP.

week 2: EVENSTAR CATHEDRAL

Week 3: GLOAMTIDE

Week 4: THE EARNEST SHALL BUILD OUR NEW WORLD

Week 5: A SYZYGY OVER THE HEART OF VOH

Different LST benefits

JupSOL

Jupiter Airdrop round 2 potential qualifier.

BonkSOL

Pays out BONK rewards to holders, and might be useful to have for BONK DRAGON.

Hsol

Heliuslabs airdrop potential.

Dsol

Might reward holders with Drift airdrop.

JucySol

Priority fees are shared with holders.

VSol

It is confirmed you can earn both Vault points and EXP for holding this LST.

PathSol

Pathfinders NFT whitelist potential.

Diving Deeper into Sanctum

Sanctum is more than just a platform to earn a yield; it has some neat tricks that solve big problems for people using Solana:

  • Swapping: If you change your mind and want your regular SOL back, Sanctum makes it super easy, no hassle.
  • Routing: Imagine you could move your saved SOL from one bank to another instantly if the second bank offers you more interest. That’s what Sanctum’s Router does.
  • The Infinity Pool: It’s like a giant pool for all the special versions of SOL, where they can easily mingle and swap, making everything more efficient.

Sanctum also lets the people who check transactions on Solana (validators) make their own pools. This way, they can share some of their earnings with you, potentially giving you even more money back.

Why Should You Care About Sanctum?

Despite the availability of liquid staking on Solana, less than 5% of staked SOL is liquid staked, indicating a gap in the ecosystem that Sanctum aims to fill. It offers a compelling solution by blending the benefits of native and liquid staking—zero fees, choice of validators, instant liquidity, and usability across the Solana ecosystem. Backed by over $6 million from prominent VCs in web3, Sanctum is poised for significant growth.

The protocol has outlined a phased roadmap, successfully building a unified liquidity layer and launching Infinity. They have now also won the LFG launchpad and released their Wonderland points program. They are now focused on expanding their LST offerings and enhancing their infrastructure.

What’s Next for Sanctum?

Sanctum’s approach allows for the creation of a more cohesive and efficient staking ecosystem on Solana. By enabling smaller players to launch an LST without substantial capital and allowing larger entities to benefit from unified liquidity, Sanctum fosters a cooperative environment. Its innovative products, like the Router and Infinity, not only provide fees as revenue streams but also ensure a stable and secure platform for users and validators alike.

Concerns around validator performance and the potential risks of pooling liquidity are addressed with Sanctum’s vigilant vetting process and dynamic rebalancing within Infinity. This ensures that only reputable validators are part of the ecosystem and that liquidity risks are minimized despite the growth and addition of new pools.

Can it be used on DAPPS?

Yes. Since mid April the native token INF can be used on a range on protocols as collateral while still earning EXP points.

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