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.
Description
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.