Sanctum is a platform on Solana that goals to make staking extra versatile. It desires 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 referred to as Liquid Staking Tokens (LSTs). Sanctum has formally finalised its airdrop marketing campaign, often known as Sanctum Wonderland, which is at present in Season 1. And with our information, you can begin passively incomes each second! Right here is our Sanctum token airdrop information.
Take a look at our step-by-step information!
What’s Sanctum?
Sanctum is a undertaking targeted on enhancing the liquid staking ecosystem on the Solana blockchain. Right here’s a quick abstract of Sanctum’s predominant 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 Capabilities: The app consists of numerous tabs that home its core features, designed to facilitate the issuance and funding in LSTs.
- Developer Help: Offers technical documentation for builders within the undertaking.
- Accessibility: Strives to permit customers to subject their very own LSTs with out liquidity issues and to discover a variety of LSTs for funding.
Sanctum has not too long ago closed a funding spherical led by Dragonfly Capital and different high VCs for US$6.1 million {dollars}.
How one can get the Sanctum token airdrop?
Time wanted: 1 hour
Right here’s the best way to get the Sanctum token airdrop
- Get hold of Solana ($SOL) tokens
Get some Solana ($SOL) tokens onto your Solana pockets. Solana ($SOL) tokens might be obtained from most main cryptocurrency exchanges akin to Bybit or BingX.
Signal up for Bybit and stand to win an iPhone 15 Professional Max HERE
Signal up for BingX for signal up bonuses HERE - Stake SOL tokens for Infinty or liquid staking 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. You can even stake SOL tokens for liquid staking tokens (LSTs).
- 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 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. Notice nonetheless 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 chance that it might have one and do a token airdrop sooner or later. Meteora nonetheless has DLMM Swimming pools for INF, which you’ll be able to pair with SOL in an effort 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 could need to think about in search of swimming pools to deposit which have the best quantity and TVL.
Nonetheless, 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 various to DLMM Swimming pools, you’ll be able to think about using regular swimming pools on Meteora. These might be discovered beneath the “Pools” tab. Nonetheless, when utilizing the conventional swimming pools, you ought to be conscious of the Digital Value worth, which represents the worth of your deposited LP token. The Digital Value signifies in case you are incomes or shedding cash in your LP tokens. If the Digital Value worth is above 1, then you’re incomes from charges. For instance, a Digital Value worth of 1.003 means that you’re successfully incomes 0.3% of the charges from this pool. Then again, if the Digital Value worth is lower than 1, then it means you’re shedding cash in your LP tokens.
Notice nonetheless you must nonetheless actively monitor your place on the swimming pools you might have deposited belongings into on Meteora or some other protocol.
- NEW: Take part in Sanctum Wonderland Season 1
To take part in Sanctum Wonderland Season 1, join your pockets to https://app.sanctum.so/wonderland and use our code 94MIOB for those who’d like. This can give us each an additional XP enhance!
- Get a Sanctum Pet
Sanctum has a complete of 18 pets, and every LST has its corresponding Pet. To get a Sanctum Pet, you’ll solely want to carry a minimal of 0.1 SOL price of the corresponding LST. To get the Pet, click on on its picture after which “Buy”. Every Pet you personal will assist you to earn 10 EXP per minute for each 1 SOL price of the corresponding LST that you simply maintain.
- Stage up and evolve your Pet
Your Pets will mechanically degree up as they acquire EXP. The utmost degree a Pet can attain is degree 999. Upon reaching a sure degree, Pets will evolve, and there are a most of three evolutions per Pet. This characteristic is coming quickly so keep tuned!