Liquid Staking Token LsSOL Launches on Solana Blockchain
Liquid Collective has introduced LsSOL, a liquid staking token on the Solana blockchain. This development, supported by major exchanges like Coinbase, Kraken, and Galaxy, meets the growing institutional demand for liquid staking solutions. With approximately $21 billion in SOL currently unstaked, LsSOL’s launch is a significant milestone for Solana‘s ecosystem.
The Importance of Liquid Staking on Solana
Liquid staking enables users to stake SOL tokens while maintaining liquidity, a key feature for institutional investors seeking both yield and flexibility. Liquid Collective reports that 14% of staked SOL utilizes liquid staking solutions, with Jito leading the market.
Advantages of LsSOL
- Allows staking without asset lock-up
- Backed by leading exchanges and custodians
- Potential to attract $3-$6 billion upon Solana ETF approval
Expert Perspectives
“LsSOL significantly enhances staking accessibility for institutions,” notes Lewis Han, Coinbase’s staking sales lead. Matthew Sigel, VanEck’s head of digital asset research, anticipates substantial capital inflows following ETF approval.
Looking Ahead
The potential approval of Solana ETFs could further drive adoption. Seven applications are currently pending with the SEC, underscoring strong institutional interest.
