Curated News
By: NewsRamp Editorial Staff
April 09, 2024

pSTAKE Finance to Launch stkSOL, a New Solana Liquid Staking Solution

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Source News Release

TLDR

  • pSTAKE Finance announced plans to launch stkSOL, a new Solana liquid staking solution, offering high yields and decentralization for a competitive advantage.
  • stkSOL is built on the Solana Stakepool program, allowing customizability and optimization for decentralization and high yields using MEV supporting validators.
  • The launch of stkSOL aims to make the world a better place by empowering new and existing SOL holders with tremendous untapped opportunities for liquid staking on Solana.
  • Liquid staking on Solana represents a massive opportunity, with the introduction of stkSOL unlocking significant yield opportunities and enriching rewards earnings.

Impact - Why it Matters

The introduction of stkSOL by pSTAKE Finance represents a significant opportunity for Solana holders to earn high yields and participate in a targeted behavior incentivization program. This move has the potential to significantly change the landscape of DeFi on Solana, unlocking new yield opportunities and rewarding those who participate in the broader ecosystem.

Summary

pSTAKE Finance, a Binance Labs-backed multichain liquid staking protocol, has announced plans to launch stkSOL, a new Solana liquid staking solution with a focus on high yields and decentralization. Built on top of the Solana Stakepool program, stkSOL allows customizability similar to that of other Solana LSTs such as jitoSOL, mSOL, and bSOL. pSTAKE Finance is also announcing its “Grow your PP” incentivization and marketing campaign, offering a chance to rack up $PSTAKE points (PP) for Solana holders. The introduction of stkSOL can unlock significant yield opportunities, made even more enriching by the inclusion of pSTAKE Finance’s incentive program.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, pSTAKE Finance to Launch stkSOL, a New Solana Liquid Staking Solution

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