Sanctum

Sanctum takes a different angle on liquid staking than a single-issuer protocol: it provides infrastructure for anyone to launch their own LST, plus a unified liquidity layer that lets holders swap between different LSTs (including validator-specific ones) with low slippage, addressing one of liquid staking’s structural problems — fragmented liquidity across many different LST tokens.

What it’s for

If you hold an LST from a smaller or validator-specific issuer, Sanctum’s infrastructure is often the easiest way to swap it for SOL or another LST without relying on thin, separate liquidity pools for every individual token. It’s also used by projects and validators wanting to launch their own LST without building liquidity infrastructure from scratch.

Reputation and track record

Sanctum has become significant infrastructure specifically for the long tail of Solana LSTs beyond the largest few issuers, addressing a real liquidity fragmentation problem that existed as more validators and projects launched their own staking tokens.

Risk considerations

Because Sanctum aggregates liquidity across many different LSTs, your risk exposure depends partly on which underlying LST you hold or receive — a smaller, validator-specific LST carries different validator concentration and liquidity risk than a large, established one. Read our liquid staking guide to understand what to check about any specific LST before holding it, beyond the aggregation layer itself.