/
Facilitates liquid staking on Solana for enhanced yield and flexibility.
Phantom Staked SOL is an advanced liquid staking solution introduced by the Phantom Wallet team, aiming to enhance the staking experience on the Solana blockchain. In the realm of decentralized finance, the ability to stake assets without losing access to their liquidity has become increasingly important for users seeking to maximize returns without sacrificing asset flexibility. Phantom Staked SOL allows users to stake their SOL tokens through the intuitive interface of Phantom Wallet and, in return, receive PSOL tokens. These tokens act as a representation of their staked tokens along with accrued rewards. Rather than the traditional staking model that ties up assets and limits their usage, PSOL provides a dynamic participation model where users can simultaneously earn yields and use their assets for various financial activities within the Solana ecosystem. The project seamlessly integrates with the existing infrastructure of the Phantom Wallet, a prominent multi-chain wallet known for its comprehensive and user-centric tools for managing digital assets and NFTs, while promoting security and user control through a self-custodial framework. The technical framework supporting Phant...
Phantom Staked SOL is an advanced liquid staking solution introduced by the Phantom Wallet team, aiming to enhance the staking experience on the Solana blockchain. In the realm of decentralized finance, the ability to stake assets without losing access to their liquidity has become increasingly important for users seeking to maximize returns without sacrificing asset flexibility. Phantom Staked SOL allows users to stake their SOL tokens through the intuitive interface of Phantom Wallet and, in return, receive PSOL tokens. These tokens act as a representation of their staked tokens along with accrued rewards. Rather than the traditional staking model that ties up assets and limits their usage, PSOL provides a dynamic participation model where users can simultaneously earn yields and use their assets for various financial activities within the Solana ecosystem. The project seamlessly integrates with the existing infrastructure of the Phantom Wallet, a prominent multi-chain wallet known for its comprehensive and user-centric tools for managing digital assets and NFTs, while promoting security and user control through a self-custodial framework. The technical framework supporting Phantom Staked SOL leverages Solana’s high throughput and low transaction fees, essential for facilitating fast and scalable token operations such as staking and swapping. By removing conventional liquidity constraints, the protocol accelerates user engagement and drives participation in decentralized finance on the Solana network. The clever design of PSOL tokens enabling their use across different DeFi protocols further fortifies their position as a versatile asset within the Web3 landscape. Given Solana’s eco-friendly proof-of-stake consensus, Phantom Staked SOL also boasts sustainability as part of its value proposition, aligning with the growing demand for green finance solutions within the blockchain industry. Phantom’s broader mission includes the democratization of financial tools and ensuring users have flexible, self-custodial control over their digital assets, shaping a decentralized financial system that is both accessible and user-oriented.
Phantom Staked SOL provides a liquid staking solution on the Solana blockchain. Users can stake their SOL tokens into the Phantom stake pool and receive PSOL in return. This token grows as the stake accumulates rewards, which can later be redeemed along with the original SOL staked. The process integrates with the audited Solana stake pool program, ensuring security and efficiency, and offers the benefit of higher average rewards due to sharing in MEV tips and priority fee earnings.
Phantom Staked SOL offers higher average rewards compared to native Solana staking by utilizing Miner Extractable Value (MEV) tips and priority fee earnings. When users stake their SOL through Phantom, they participate in a pool that captures additional value from the network, which is then shared among the stakeholders. This method enhances the profitability of staking while leveraging the security and efficiency of the Solana stake pool program.
Yes, PSOL tokens received from staking SOL in Phantom's stake pool can be utilized within the DeFi ecosystem. These liquid staking tokens provide users with financial flexibility and opportunities to engage with various decentralized finance platforms and products, offering potential for further profit and growth while keeping your original staked funds secure.
Phantom Staked SOL operates within the audited Solana stake pool program, which has undergone nine audits to ensure robust security measures. This extensive auditing process helps protect user investments and uphold the integrity of the staking process, providing users with confidence and peace of mind when participating in Phantom's staking solution.
Phantom Staked SOL distinguishes itself by providing liquid staking capabilities and higher staking rewards. Unlike traditional staking methods, it allows users to stake SOL and receive an appreciating liquid token, PSOL, which can be redeemed or used in DeFi. Phantom also captures additional rewards through MEV tips and priority fees, offering an edge over other staking solutions that do not utilize these earning strategies.
To redeem your PSOL tokens, you need to utilize Phantom's platform to convert your PSOL back into SOL along with the accrued rewards. The redemption process involves returning PSOL tokens to the Phantom stake pool, which will then credit your wallet with the equivalent amount of SOL and any additional earned rewards from your staking period.
