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’ll be able to simply commerce, like a particular sort 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 prone to be similar to the Jito airdrop in 2023 the place some customers had been capable of earn $10,000 price of $JITO tokens for depositing 1 SOL. Right here is our Sanctum token airdrop information.
Try our step-by-step information.
What’s Sanctum?
Sanctum is a mission centered on enhancing the liquid staking ecosystem on the Solana blockchain. Right here’s a quick 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 Features: The app consists of varied tabs that home its core capabilities, designed to facilitate the issuance and funding in LSTs.
- Developer Assist: Supplies technical documentation for builders within the mission.
- Accessibility: Strives to permit customers to difficulty their very own LSTs with out liquidity considerations and to discover a variety of LSTs for funding.
Sanctum has lately closed a funding spherical led by Dragonfly Capital and different high VCs for US$6. 1 million {dollars}.
How one can get the Sanctum token airdrop?
Right here’s the best way to get the Sanctum token airdrop
- Receive Solana ($SOL) tokens
Get some Solana ($SOL) tokens onto your Solana pockets. Solana ($SOL) tokens might be obtained from most main cryptocurrency exchanges resembling 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’ll be able to 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 be able to 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 high of the web page. Discover an INF-SOL pool to deposit your tokens. You might need to take into account on the lookout for swimming pools to deposit which have the best quantity and TVL.
Nevertheless, 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 different to DLMM Swimming pools, you’ll be able to think about using regular swimming pools on Meteora. These might be discovered below the “Pools” tab. Nevertheless, when utilizing the conventional 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 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. Then again, if the Digital Worth worth is lower than 1, then it means you might be dropping cash in your LP tokens.
Observe nevertheless it is best to nonetheless actively monitor your place on the swimming pools you’ve got deposited property into on Meteora or some other protocol.
