Solana’s greatest crypto pockets has entered the liquid staking race, launching its personal PSOL token.
The marketplace for Solana (SOL) liquid staking tokens gained a brand new entrant. On Tuesday, Could 14, Phantom launched its personal liquid staking token, PSOL, enabling customers to stake SOL whereas retaining liquidity to be used in DeFi.
We’re launching our personal LST: Phantom Staked SOL (PSOL) 👻
Why liquid stake with Phantom?
Easy:
🏆 Earn SOL rewards
🏋️♂️ Keep liquidity
💜 Help the @solana community pic.twitter.com/vejAarVXmd— Phantom (@phantom) Could 14, 2025
The liquid-staked PSOL can be accessible instantly inside Phantom Pockets, the preferred pockets app on the Solana community. To incentivize adoption, Phantom has made the staking interface user-friendly, even for merchants unfamiliar with liquid staking. Customers can entry the function by clicking “Begin incomes SOL” on the Solana token web page within the app.
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Nonetheless, customers in some jurisdictions, just like the UK, can be excluded from the function resulting from rules that prohibit staking.
Solana’s liquid staking ecosystem sees a speedy rise
In keeping with Phantom, the transfer into liquid staking is a part of its effort to assist the broader Solana ecosystem, which has seen speedy development in liquid staking over the previous few months.
The full market cap for staked SOL tokens was $7 billion in Could. Jito, Binance, Marinade, and Jupiter liquid staked SOL tokens account for almost all of this market. Nonetheless, the worth of those tokens declined from its all-time excessive of $10 billion within the final week of January 2025.
Liquid staking SOL market by week | Supply: Blockworks
Solana is positioning liquid staking as a manner for customers to take care of liquidity whereas incomes yield and serving to safe the community. With liquid staking, customers lock up actual SOL and obtain an equal quantity in liquid staked SOL, corresponding to PSOL.
These liquid tokens can then be used throughout DeFi protocols to earn further rewards. On the flipside, issuing liquid staked SOL will increase the efficient circulating provide of SOL, which can exert downward stress on its value.
Learn extra: Phantom Pockets surges in recognition, surpasses Fb in Google Play
