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.
