Summary
- SOL Strategies reported that it has launched the liquid staking token STKESOL.
- It said users can earn rewards by staking SOL while maintaining liquidity via STKESOL and making additional use of it across the DeFi ecosystem.
- It reported that STKESOL can be traded and used on major Solana-based DeFi platforms including Orca, Squads, Kamino, and Loopscale.
According to The Block, a digital asset (crypto) industry outlet, on the 20th (local time), SOL Strategies, which is pursuing a Solana (SOL) treasury strategy, has launched the liquid staking token STKESOL.
STKESOL is a liquid staking token designed to allow users to earn rewards by staking SOL while maintaining liquidity in token form. Users can hold rights to staked SOL as STKESOL and make additional use of it across the DeFi ecosystem.
STKESOL can be traded and used on major Solana-based DeFi platforms such as Orca, Squads, Kamino, and Loopscale.
Meanwhile, SOL Strategies is reported to have held about 524,000 SOL as of the fourth quarter of last year.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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