How does Sanctum work?

Sanctum functions as a unified liquidity layer for various Solana-based Liquid Staking Token (LST) providers. Users can stake SOL or deposit LSTs into Sanctum's Reserve Pool, which holds idle SOL and provides liquidity for all liquid staking tokens on Solana. Sanctum's Router allows for efficient conversion between different LSTs and SOL, while its Infinity pool supports multiple LSTs in a single liquidity pool.

Is Sanctum a secure platform?

According to Sanctum, their liquidity pools use the SPL stake pool program. It was audited multiple times and no exploit have been occurred in them yet. Therefore, the Sanctum platform can be considered safe to use.

To use Sanctum, users can visit the platform's website and connect their Solana wallet. They can then stake SOL, deposit or withdraw LSTs, or swap between different LSTs using Sanctum's unified liquidity layer. Users may also participate in the Infinity pool or explore other features like customized LSTs offered by the platform.

What services does Sanctum offer?

Sanctum offers a range of services centered around liquid staking on the Solana blockchain. These include a unified platform for accessing various LSTs, enhanced liquidity through its Reserve Pool and Router, and the ability to create custom LSTs for unique purposes like NFT whitelist spots or subscription services. Additionally, Sanctum provides a gamified experience through "Pets" that represent LSTs, allowing users to earn experience points by holding LSTs.

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What is Sanctum?

Sanctum is a crypto project featuring an Infinity Pool, where users can deposit SOL and receive INF tokens in return. The platform allows users to deposit and withdraw SOL for liquidity, with the INF token having an associated APY (Annual Percentage Yield). The Sanctum project offers a form of liquidity provision and staking service within the Solana ecosystem, with APYs around 8%.

Benefits of using Sanctum

Users of Sanctum can benefit from enhanced liquidity and flexibility in managing their Solana-based assets, as the platform allows for seamless conversion between SOL and various Liquid Staking Tokens (LSTs). Sanctum's unified liquidity layer potentially offers improved yields and reduced slippage compared to using individual LST providers, making it more efficient for users to optimize their staking strategies. Additionally, Sanctum's innovative features like customizable LSTs and the gamified "Pets" system provide unique opportunities for users to engage with the Solana ecosystem in novel ways, potentially earning rewards and accessing exclusive benefits tied to their LST holdings.

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FAQ

Frequently Asked Questions

How does Sanctum work?
Sanctum functions as a unified liquidity layer for various Solana-based Liquid Staking Token (LST) providers. Users can stake SOL or deposit LSTs into Sanctum's Reserve Pool, which holds idle SOL and provides liquidity for all liquid staking tokens on Solana. Sanctum's Router allows for efficient conversion between different LSTs and SOL, while its Infinity pool supports multiple LSTs in a single liquidity pool.
Is Sanctum a secure platform?
According to Sanctum, their liquidity pools use the SPL stake pool program. It was audited multiple times and no exploit have been occurred in them yet. Therefore, the Sanctum platform can be considered safe to use.
How to use Sanctum?
To use Sanctum, users can visit the platform's website and connect their Solana wallet. They can then stake SOL, deposit or withdraw LSTs, or swap between different LSTs using Sanctum's unified liquidity layer. Users may also participate in the Infinity pool or explore other features like customized LSTs offered by the platform.
What services does Sanctum offer?
Sanctum offers a range of services centered around liquid staking on the Solana blockchain. These include a unified platform for accessing various LSTs, enhanced liquidity through its Reserve Pool and Router, and the ability to create custom LSTs for unique purposes like NFT whitelist spots or subscription services. Additionally, Sanctum provides a gamified experience through "Pets" that represent LSTs, allowing users to earn experience points by holding LSTs.

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