Sanctum is a platform on Solana that goals to make staking extra versatile. It desires to show all of the SOL tokens you stake into one thing you may simply commerce, like a particular type of token known as Liquid Staking Tokens (LSTs). The Sanctum crew have hinted at an airdrop to early customers. There are rumours the Sanctum airdrop is more likely to be similar to the Jito airdrop in 2023 the place some customers have been capable of earn $10,000 price 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 short abstract of Sanctum’s important 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 contains numerous tabs that home its core capabilities, designed to facilitate the issuance and funding in LSTs.
- Developer Help: Gives technical documentation for builders within the undertaking.
- Accessibility: Strives to permit customers to concern their very own LSTs with out liquidity issues and to discover a variety of LSTs for funding.
Sanctum has lately closed a funding spherical led by Dragonfly Capital and different prime VCs for US$6. 1 million {dollars}.
The right way to get the Sanctum token airdrop?
Right here’s the right way to get the Sanctum token airdrop
- Get hold of Solana ($SOL) tokens
Get some Solana ($SOL) tokens onto your Solana pockets. Solana ($SOL) tokens could be obtained from most main cryptocurrency exchanges akin 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 may farm factors for Season 2. Observe 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 risk that it might have one and do a token airdrop sooner or later. Meteora nevertheless has DLMM Swimming pools for INF, which you’ll pair with SOL with a view 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 might need to think about in search of 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 bear in mind to actively monitor your place.
- Various: deposit to regular swimming pools on Meteora
For a barely decrease threat different to DLMM Swimming pools, you may think about using regular swimming pools on Meteora. These could be discovered below 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 if you’re incomes or dropping cash in your LP tokens. If the Digital Worth worth is above 1, then you’re 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’re dropping cash in your LP tokens.
Observe nevertheless it’s best to nonetheless actively monitor your place on the swimming pools you will have deposited belongings into on Meteora or another protocol.
