Sanctum is a platform on Solana that goals to make staking extra versatile. It needs to show all of the SOL tokens you stake into one thing you may simply commerce, like a particular type of token known as Liquid Staking Tokens (LSTs). The Sanctum crew have hinted at an airdrop to early customers. There are rumours the Sanctum airdrop is more likely to be similar to the Jito airdrop in 2023 the place some customers had been capable of earn $10,000 value of $JITO tokens for depositing 1 SOL. Right here is our Sanctum token airdrop information.
Try our step-by-step information.
What’s Sanctum?
Sanctum is a undertaking centered on enhancing the liquid staking ecosystem on the Solana blockchain. Right here’s a quick abstract of Sanctum’s principal options:
- Mission: To make all SOL staked and all staked SOL liquid, aiming for a future the place Liquid Staking Tokens (LSTs) are simply accessible to everybody.
- Core Capabilities: The app consists of numerous tabs that home its core features, designed to facilitate the issuance and funding in LSTs.
- Developer Assist: Offers technical documentation for builders within the undertaking.
- Accessibility: Strives to permit customers to subject their very own LSTs with out liquidity issues and to discover a variety of LSTs for funding.
Sanctum has just lately closed a funding spherical led by Dragonfly Capital and different prime VCs for US$6. 1 million {dollars}.
The best way to get the Sanctum token airdrop?
Right here’s learn how to get the Sanctum token airdrop
- Acquire Solana ($SOL) tokens
Get some Solana ($SOL) tokens onto your Solana pockets. Solana ($SOL) tokens could be obtained from most main cryptocurrency exchanges equivalent to Bybit or BingX.
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Join BingX for enroll bonuses HERE - Stake SOL tokens for Infinty tokens
Join your pockets to https://app.sanctum.so/infinity and stake your SOL tokens for Infinity ($INF) tokens. Infinity ($INF) tokens are a yield-bearing asset pegged to Solana.
- Swap SOL tokens for Infinty tokens
On the identical web page as step 2 above, go to the “Swap” tab and swap different Liquid Staking Tokens into Infinity ($INF) tokens.
- Deposit Infinity ($INF) to Kamino Finance
Join your pockets to https://app.kamino.finance/. On the “Borrow/Lend” tab, scroll right down to the INF market. Click on “Supply” to deposit your Infinity ($INF) tokens. That is so you may farm factors for Season 2. Observe nonetheless there’s a draw back of no provide or borrow APY being distributed for this. This implies you’ll not be incomes yield from supplying $INF on Kamino.
- Deposit INF into Meteora’s DLMM Swimming pools
Meteora is one other liquidity hub. It doesn’t have a token but, however there’s a chance that it might have one and do a token airdrop sooner or later. Meteora nonetheless has DLMM Swimming pools for INF, which you’ll be able to pair with SOL with a purpose to farm a possible airdrop. To deposit INF into Meteora’s DLMM Swimming pools, join your pockets to https://app.meteora.ag/ and go to the “DLMM” tab on the prime of the web page. Discover an INF-SOL pool to deposit your tokens. You could need to take into account on the lookout for swimming pools to deposit which have the best quantity and TVL.
Nevertheless, when depositing onto Meteora’s DLMM Swimming pools, be cautious of impermanent loss dangers and keep in mind to actively monitor your place.
- Various: deposit to regular swimming pools on Meteora
For a barely decrease danger various to DLMM Swimming pools, you may think about using regular swimming pools on Meteora. These could be discovered below the “Pools” tab. Nevertheless, when utilizing the traditional swimming pools, try to be conscious of the Digital Value worth, which represents the worth of your deposited LP token. The Digital Value signifies in case you are incomes or dropping cash in your LP tokens. If the Digital Value worth is above 1, then you might be incomes from charges. For instance, a Digital Value worth of 1.003 means that you’re successfully incomes 0.3% of the charges from this pool. Then again, if the Digital Value worth is lower than 1, then it means you might be dropping cash in your LP tokens.
Observe nonetheless you need to nonetheless actively monitor your place on the swimming pools you have got deposited belongings into on Meteora or some other protocol.
