Solana's Liquid Staking market cap has increased 22x since the collapse of FTX, now sitting at $3.4B, but still, this is 10x less than Ethereum.
You're not too late π§
Here is the landscape of Solana's Liquid Restaking: Top 10 LSTs + Simple strategies to earn from them π§΅
You're not too late π§
Here is the landscape of Solana's Liquid Restaking: Top 10 LSTs + Simple strategies to earn from them π§΅
1/ Why Solana's LSTs?
- SOL has a high staking ratio, but a low ratio of Staked SOL is from Liquid Staking compared to Ethereum => Big room to grow.
- LST M.cap is rushing to ATH.
- More protocols enter the space, increasing TVL, boosting incentives for holders to compete.
- SOL has a high staking ratio, but a low ratio of Staked SOL is from Liquid Staking compared to Ethereum => Big room to grow.
- LST M.cap is rushing to ATH.
- More protocols enter the space, increasing TVL, boosting incentives for holders to compete.
2/ Before we dive into Top 10 LST on Solana, we highly recommend you to bookmark this thread for further reference.
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Now, let's move on. π
Don't forget to follow @PinkBrains_io, like + RT to support us! β€οΈ
Now, let's move on. π
3/ @jito_sol - $jtoSOL
Biggest LST, dominating 43% of LST market, with 10,4M $SOL staked
$jitoSOL is integrated with top protocols to earn yields:
- Provide $JitoSOL on Kamino, Meteora, Orca
- Lend $jitoSOL on Drift, Marginfi, Solend, Mango
- Bridge to Arbitrum via Wormhole
Biggest LST, dominating 43% of LST market, with 10,4M $SOL staked
$jitoSOL is integrated with top protocols to earn yields:
- Provide $JitoSOL on Kamino, Meteora, Orca
- Lend $jitoSOL on Drift, Marginfi, Solend, Mango
- Bridge to Arbitrum via Wormhole
4/ @MarinadeFinance - $mSOL
TVL is around $900M, with 10,2M $SOL staked.
$mSOL APY increased from 6% to 7.1%. Marinade Earn S3 was proposed, which will incentivize mSOL/SOL liquidity with 25M $MNDE.
Similar to $jitoSOL, $mSOL can also be used on major Solana's DeFi protocols.
TVL is around $900M, with 10,2M $SOL staked.
$mSOL APY increased from 6% to 7.1%. Marinade Earn S3 was proposed, which will incentivize mSOL/SOL liquidity with 25M $MNDE.
Similar to $jitoSOL, $mSOL can also be used on major Solana's DeFi protocols.
5/ @solblaze_org - $bSOL. Mcap: $387.23M
bSOL-KMNO is the largest LP for $KMNO. Here are some yield opportunities on $bSOL and $KMNO.
- Kamino: bSOL-KMNO to earn $BLZE
- Meteora: bSOL-KMNO to earn $BLZE, Mat points
- Orca and Raydium: bSOL-KMNO for trading fees, BLZE airdrop
bSOL-KMNO is the largest LP for $KMNO. Here are some yield opportunities on $bSOL and $KMNO.
- Kamino: bSOL-KMNO to earn $BLZE
- Meteora: bSOL-KMNO to earn $BLZE, Mat points
- Orca and Raydium: bSOL-KMNO for trading fees, BLZE airdrop
6/ @sanctumso -$INF
$INF, a fast-growing LST with $408M TVL & 100K new users in ~1 month thanks to Wonderland.
- Hold $INF, $jupSOL, $bonkSOL,... to earn XP & raise "Pets".
- Deposit $INF on Kamino and Meteora for points/yields.
Get bonus XP: app.sanctum.so
$INF, a fast-growing LST with $408M TVL & 100K new users in ~1 month thanks to Wonderland.
- Hold $INF, $jupSOL, $bonkSOL,... to earn XP & raise "Pets".
- Deposit $INF on Kamino and Meteora for points/yields.
Get bonus XP: app.sanctum.so
7/ @JupiterExchange - $jupSOL by @sanctumso
$jupSOL offers 0% fees, 100% MEV kickback, and 10% APY. TVL made ~8x since launch, growing from $10M to $90M in 2 weeks.
You can swap $SOL for $jupSOL on Jupiter, and:
- Join Sanctum Wonderland to earn XP
- Lend on Marginfi, Kamino
$jupSOL offers 0% fees, 100% MEV kickback, and 10% APY. TVL made ~8x since launch, growing from $10M to $90M in 2 weeks.
You can swap $SOL for $jupSOL on Jupiter, and:
- Join Sanctum Wonderland to earn XP
- Lend on Marginfi, Kamino
8/ @marginfi - $LST.
$LST is the 5th largest LST on Solana, with +$90M TVL.
- Mint $LST on Marginfi, or buy on Jupiter.
- Deposit $LST with Marginfi for lending yield and points, use as collateral and borrow assets.
- LP on Meteora, Orca to earn yields.
$LST is the 5th largest LST on Solana, with +$90M TVL.
- Mint $LST on Marginfi, or buy on Jupiter.
- Deposit $LST with Marginfi for lending yield and points, use as collateral and borrow assets.
- LP on Meteora, Orca to earn yields.
9/ Other $SOL LSTs that are fast-growing in TVL in the last 30D
@heliuslabs $hSOL
@SolanaCompass $compassSOL: LST created by @sanctumso that stakes directly to Solana Compass validator
@laine_sa_ $laineSOL: high-yield, single validator LST
@heliuslabs $hSOL
@SolanaCompass $compassSOL: LST created by @sanctumso that stakes directly to Solana Compass validator
@laine_sa_ $laineSOL: high-yield, single validator LST
10/ Other DeFi and Staking teams arre onboarding staked $SOL to DeFi via their own LSTs including @DriftProtocol, @bonk_inu, @OverclockSol, @SolanaHubApp, @knox_trades,...
As more LSTs are introduced, the war for TVL and users will be higher, thus bringing in bullish sentiment.
As more LSTs are introduced, the war for TVL and users will be higher, thus bringing in bullish sentiment.
11/ All above LSTs can be swapped on Jupiter, deposited in Marginfi, Orca, and Meteora to earn yields/trading fees/points.
Notably, the more LSTs you hold, the more XP and Pets you earn on Sanctum Wonderland, aka more airdrops!
Again, you can use our ref code to join: PEHPSI
Notably, the more LSTs you hold, the more XP and Pets you earn on Sanctum Wonderland, aka more airdrops!
Again, you can use our ref code to join: PEHPSI
12/ Tagging some giga chads you can follow to have more alphas.
@DefiIgnas
@tomwanhh
@CC2Ventures
@cindyleowtt
@alpha_pls
@Hercules_Defi
@FabianoSolana
@0xFarmi
@jussy_world
@Defi0xJeff
@CryptoKoryo
@Dynamo_Patrick
@jake_pahor
@arndxt_xo
@Defi_Warhol
@DefiIgnas
@tomwanhh
@CC2Ventures
@cindyleowtt
@alpha_pls
@Hercules_Defi
@FabianoSolana
@0xFarmi
@jussy_world
@Defi0xJeff
@CryptoKoryo
@Dynamo_Patrick
@jake_pahor
@arndxt_xo
@Defi_Warhol
13/ That's a wrap!
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If you like this content, please follow us @PinkBrains_io for more DeFi and Web3 Marketing insights. π§
Like and RT the first tweet to support us.
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