Solana’s leading crypto wallet, Phantom, has launched its own liquid staking token, PSOL. This innovation allows users to stake SOL while retaining the flexibility to utilize it in DeFi applications. 👻 📈
Phantom is making liquid staking accessible by simplifying the process for users of all experience levels.
Here’s what you need to know about Phantom’s new offering:
* **Earn Rewards:** Staking SOL through Phantom grants users rewards. 💪
* **Maintain Liquidity:** You can keep your staked SOL readily available for use in DeFi protocols, without lockup requirements. 💸
* **Support the Solana Network:** By staking, you contribute to network security and growth. 🌟
Phantom’s liquid-staked PSOL tokens are directly accessible within its popular wallet app.
Despite regulatory hurdles preventing participation in some regions, Phantom is poised to capitalize on the growing demand for liquid staking across the Solana ecosystem.
**Why This Matters:** As the Solana network continues to see rapid growth, liquid staking offers a flexible and profitable way for users to participate.
The market value of staked SOL tokens has reached $7 billion in May. Jito, Binance, Marinade, and Jupiter play prominent roles in this rapidly expanding market, with their total market capitalization exceeding $10 billion at its peak last year. However, the recent decline in value may signify a shift in the landscape.
To learn more about Phantom’s new liquid staking offering and explore how it can benefit your SOL investment strategy, visit https://phantom.org/