According to Foresight News, Sanctum, a liquidity staking protocol in the Solana ecosystem, has successfully raised $6.1 million in a seed extension round. The funding round was led by Dragonfly, with participation from Solana Ventures, CMS Holdings, DeFiance Capital, Genblock Capital, Jump Capital, and Marin Digital Ventures.
Sanctum has announced plans to focus on two products in 2024: Sanctum LSTs and Infinity. Infinity is designed for liquidity collateralization on Solana. Users can deposit SOL or other LSTs into Infinity to earn cumulative staking rewards.
