Sanctum is transforming how you handle your SOL investments on the Solana network. It introduces a way to quickly access your staked funds without the usual delay.
What is Sanctum
Here’s how it works:
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Instant Unstaking: Normally, unstaking SOL (Solana) takes up to three days. Sanctum changes this by letting you convert your staked SOL into liquid SOL instantly.
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Liquid Staking Tokens (LSTs): You can also swap LSTs for liquid SOL directly. This often gives you better liquidity than using decentralized exchanges.
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Easy Transfers Between Providers: With Sanctum, you can switch your stake from one validator to another easily. Just one click swaps one LST for another.
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Single Reserve Pool: At the core of Sanctum is a pool of liquid SOL. When you click 'Unstake it', Sanctum swaps your stake for SOL quickly, minus a small fee.
Sanctum aims to make your SOL investments more flexible and immediately accessible, enhancing your experience in the DeFi market.
Sanctum review
Pros
Instant Access to Funds
You don't have to wait days to unstake your SOL in Sanctum. You can get your money right away.
Better Liquidity Options
Sanctum gives you options to swap your tokens where you might get better deals than usual.
Easy to Use
You can switch your stakes between validators with just one click. It makes managing your investments simple.
Direct Swaps
You can directly convert your SOL to a liquid staking token, allowing you to stake immediately.
Cons
Transaction Fees
Using Sanctum's quick unstaking service costs you a fee (0.01-3%).
Might Be Complex for Some
If you're new, the platform might seem complex, and the guides can be tough to understand.