In episode 14, Oskari and I are joined by FP Lee of Sanctum to discuss innovation within the liquid staking market on Solana.

During the episode, FP shares his unique views and the “key insight” that made him realize that building a “liquidity moat” similar to Lido on Ethereum would be a losing strategy on the Solana network….which ultimately led to Sanctum and the ability for anyone to spin up a liquid staking token.

Tune in to episode 14 to learn how it all works and the unique use cases Sanctum is already unlocking within Solana.

Time Stamps:

00:00 Introduction to Liquid Staking
01:14 Welcome and Guest Introduction
02:23 Understanding Liquid Staking on Solana
05:10 Comparing Liquid Staking on Ethereum and Solana
08:53 Challenges and Incentives for Liquid Staking
16:10 Innovative Use Cases for Liquid Staking (Should the DeFi Report launch an LST?)
18:27 Sanctum's Unique Approach
27:01 Future of Liquid Staking and Governance Tokens
29:14 Deep Dive into Sanctum's Product
29:45 Introduction to Liquid Staking and Jupiter UX
30:16 The Concept of a Unified Liquidity Pool
31:09 The Reserve Pool and Its Advantages
31:42 Jupiter Router and Efficient Swaps
33:00 Infinity Pool: Solving Liquidity Issues
34:42 Risks and Unknowns in Liquidity Pools
37:22 Sanctum's Business Model and Growth Potential
41:59 The Token Generation Event (TGE) Strategy
49:14 Future Vision and Real-World Use Cases
55:32 Closing Thoughts and Community Engagement

We hope you enjoy the episode!

Disclaimer: Individuals have unique circumstances, goals, and risk tolerances, so you should consult a certified investment professional and/or do your own diligence before making investment decisions. The co-hosts and their guests are not investment advisors and may hold positions in the assets covered. Certified professionals can provide individualized investment advice tailored to your unique situation. The topics discussed are for general educational purposes only, are not individualized, and as such should not be construed as investment advice. Any content shared in the podcast is derived from both publicly available information as well as proprietary data sources. All information presented and sources are believed to be reliable as of the date first published. Any opinions expressed during the show are based on information available as of the date of the publication. Although The DeFi Report and the co-hosts believe the information presented is substantially accurate in all material respects and does not omit to state material facts necessary to make the statements herein not misleading, all information and materials shared or discussed are provided on an “as is” and “as available” basis, without warranty or condition of any kind either expressed or implied. Please do your own research.

LST Innovation on Solana with FP Lee from Sanctum

Should The DeFi Report launch an LST?