What should I do if I have a SOL in my wallet?
Instead of placing #SOL directly into the #Solana network, you place it into a betting pool. In doing so, you receive a #token , or Liquid Staking Token (LST), representing your stake in the SOL.
Like #CryptoWatchMay2024 , Solana has a variety of LSTs, including JupSOL from Jupiter, Bonk from bonkSOL, and Helium from hSOL; returns on these LSTs on Solana have recently been around 7-10%, which is attractive in itself.
Sanctum is attracting attention with its Wonderland Rewards initiative, which goes further by allowing LST SOLs to be used in an additional rewards program with the ability to receive air transfers in a few clicks.
Sanctum is a Solana-based liquids mining platform that can be a core team for SOL LST users. Currently, the main products of the Sanctum web application are:
All of them are useful in their own way, but the really interesting one is the new Sanctum Wonderland rewards program.
The point of playing Sanctum is to collect pets, which are earned by holding authorized LSTs, each with a unique pet, and level up for EXP points.
When you join Wonderland, you only need to own an LST worth 0.1 or more to get a pet, and you earn 10 EXP every minute for 1 SOLE LST you hold.
Evolution will begin in the near future, and each pet will be able to complete three evolutions up to a maximum level of 999. Additionally, pets will be able to earn EXP multipliers by completing upcoming community quests.
Overall, Wonderland is an easy and fun way to get involved in SOL LST, and if Sanctum ever releases management tokens, participation will be considered in the future.
Want to get involved? It's easy: go to app. sanctum. so/wonderland, connect your preferred Solana wallet, and follow the instructions in the pop-up window to complete the process.
That's all you need to do!
However, remember that you need to have an LST worth at least 0.
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