Phantom Launches Liquid Staking Token PSOL on Solana

Phantom, a leading non-custodial wallet on the Solana blockchain, has launched its new liquid staking token, Phantom Staked SOL (PSOL), aiming to bolster the DeFi ecosystem. This innovation allows users to stake their SOL for rewards while retaining liquidity. The launch is expected to boost Solana’s Total Value Locked (TVL) and engagement within its DeFi community. 👻 Users can earn rewards through PSOL, trade them, or leverage them as collateral. 🏆 🏋️♂️ 💜 Phantom has a history of pioneering innovation in the Solana ecosystem. Phantom’s entry into liquid staking aligns with broader goals to integrate modern DeFi functionalities. The move is seen by many in the community as positive for Solana’s future development and activity.