Sanctum is a platform on Solana that goals to make staking extra versatile. It needs to show all of the SOL tokens you stake into one thing you possibly can simply commerce, like a particular sort of token referred to as Liquid Staking Tokens (LSTs). The Sanctum group have hinted at an airdrop to early customers. There are rumours the Sanctum airdrop is prone to be similar to the Jito airdrop in 2023 the place some customers had been capable of earn $10,000 value of $JITO tokens for depositing 1 SOL. Right here is our Sanctum token airdrop information.
Take a look at our step-by-step information.
What’s Sanctum?
Sanctum is a undertaking targeted on enhancing the liquid staking ecosystem on the Solana blockchain. Right here’s a quick abstract of Sanctum’s predominant options:
- Mission: To make all SOL staked and all staked SOL liquid, aiming for a future the place Liquid Staking Tokens (LSTs) are simply accessible to everybody.
- Core Capabilities: The app consists of numerous tabs that home its core capabilities, designed to facilitate the issuance and funding in LSTs.
- Developer Assist: Offers technical documentation for builders within the undertaking.
- Accessibility: Strives to permit customers to challenge their very own LSTs with out liquidity issues and to discover a variety of LSTs for funding.
Sanctum has just lately closed a funding spherical led by Dragonfly Capital and different prime VCs for US$6. 1 million {dollars}.
Learn how to get the Sanctum token airdrop?
Right here’s find out how to get the Sanctum token airdrop
- Receive Solana ($SOL) tokens
Get some Solana ($SOL) tokens onto your Solana pockets. Solana ($SOL) tokens might be obtained from most main cryptocurrency exchanges equivalent to Bybit or BingX.
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Join BingX for enroll bonuses HERE - Stake SOL tokens for Infinty tokens
Join your pockets to https://app.sanctum.so/infinity and stake your SOL tokens for Infinity ($INF) tokens. Infinity ($INF) tokens are a yield-bearing asset pegged to Solana.
- Swap SOL tokens for Infinty tokens
On the identical web page as step 2 above, go to the “Swap” tab and swap different Liquid Staking Tokens into Infinity ($INF) tokens.
- Deposit Infinity ($INF) to Kamino Finance
Join your pockets to https://app.kamino.finance/. On the “Borrow/Lend” tab, scroll all the way down to the INF market. Click on “Supply” to deposit your Infinity ($INF) tokens. That is so you possibly can farm factors for Season 2. Be aware nevertheless there’s a draw back of no provide or borrow APY being distributed for this. This implies you’ll not be incomes yield from supplying $INF on Kamino.
- Deposit INF into Meteora’s DLMM Swimming pools
Meteora is one other liquidity hub. It doesn’t have a token but, however there’s a chance that it could have one and do a token airdrop sooner or later. Meteora nevertheless has DLMM Swimming pools for INF, which you’ll pair with SOL as a way to farm a possible airdrop. To deposit INF into Meteora’s DLMM Swimming pools, join your pockets to https://app.meteora.ag/ and go to the “DLMM” tab on the prime of the web page. Discover an INF-SOL pool to deposit your tokens. You could wish to take into account on the lookout for swimming pools to deposit which have the very best quantity and TVL.
Nonetheless, when depositing onto Meteora’s DLMM Swimming pools, be cautious of impermanent loss dangers and keep in mind to actively monitor your place.
- Various: deposit to regular swimming pools on Meteora
For a barely decrease threat various to DLMM Swimming pools, you possibly can think about using regular swimming pools on Meteora. These might be discovered underneath the “Pools” tab. Nonetheless, when utilizing the traditional swimming pools, you have to be conscious of the Digital Worth worth, which represents the worth of your deposited LP token. The Digital Worth signifies in case you are incomes or shedding cash in your LP tokens. If the Digital Worth worth is above 1, then you might be incomes from charges. For instance, a Digital Worth worth of 1.003 means that you’re successfully incomes 0.3% of the charges from this pool. However, if the Digital Worth worth is lower than 1, then it means you might be shedding cash in your LP tokens.
Be aware nevertheless it’s best to nonetheless actively monitor your place on the swimming pools you could have deposited property into on Meteora or every other protocol.