Sanctum is a decentralized protocol on the Solana blockchain that allows users to stake SOL and earn rewards. 💸
Staking SOL: Staking SOL in Sanctum allows users to earn rewards by providing liquidity to the Solana ecosystem. The more SOL you stake, the more rewards you'll earn. 💸
Buying LSTs: LSTs (Liquid Staking Tokens) are tokens that represent staked SOL. You can buy LSTs on exchanges like Serum or Raydium and use them to participate in Sanctum's liquidity layer. 💸
Value: The value of Sanctum depends on several factors, including:
- Staking rewards: The more SOL you stake, the more rewards you'll earn.
- LST prices: The price of LSTs on exchanges like Serum or Raydium can fluctuate.
- Market demand: The demand for Sanctum's products and services can affect its value.
Is it worth it?: It depends on your goals and risk tolerance. If you're looking for a stable income stream, staking SOL might be a good option. If you're willing to take on more risk, buying LSTs might be a better choice. 💸
Sanctum Wonderland
Referral Code
https://sanc.tm/w?ref=KK8SEM
You stand a chance to win a bonus reward at the end of Season 1 with Referral Code
Sanctum Wonderland is a unique campaign that gamifies the user experience within the Sanctum protocol. It's a part of the Sanctum liquid staking protocol, which has won the most recent Jupiter exchange Launchpad vote to launch their token. 🚀
In Sanctum Wonderland, users can earn Sanctum Pets, which represent different liquid staking tokens (LSTs) that can be earned by staking Solana (SOL) into these LSTs. Each pet has a corresponding LST, and users can earn experience points (EXP) by staking SOL into these LSTs. 🐾
The campaign also features Community Quests, which are tasks and puzzles that users can complete collectively to earn rewards. Completing a quest can unlock an EXP multiplier on the user's Infinity pet for one day, making it important for users to participate in the community quests and own all the available pets. 🎁
Sanctum Wonderland is seen as a marketing opportunity for the Sanctum protocol, exposing users to different LSTs in the Solana ecosystem and providing a fun and gamified way to participate in the protocol. The campaign is currently in its first season, and users can get started by using a referral link to access the program. 🎉