Sanctum_en
Infinite liquidity for infinite LSTs.
Right now Sanctum is probably the only interesting retrodrop on Solana, which also works well with the staking meta. It's a layer of liquidity for all LSTs on SOL.
Infinity is a new type of liquidity pool that supports all LSTs from the white list generated by the project. Unlike other pools that can only support up to four assets, Infinity can support an unlimited number of LSTs.
The project has $6.1M in funding from Sequoia, DragonFly, Solana Ventures, and others. It also won the Jupiter vote with a huge lead and will be launching on their launchpad.
The first season of the "Sanctum Wonderland" point farming campaign started a couple days ago.
The point of this event is to buy and hold their token $INF or wrapped $SOL. For this, we'll be giving out EXP for pets. Each 1 Solana in the hold will be awarded 10 points/minute. The account must have at least the equivalent of 0.1 SOL in the required LST token for the pet to gain experience. We'll also be giving out a multiplier for completing community quests for a certain coin in the future.
All we know for now is that the maximum level of slimes is 999 and they have 3 levels of evolution. Also they will play a big role in the ecosystem in the future.
What should we do now?
- Go to https://sanc.tm and connect SOL-wallet. Enter my ref. code 53UC9B.
- In the "Infinity" tab swap at least 0.1 $SOL to $INF, preferably more.
- You can put $INF into one of the pools supported by the team. In my opinion, Armada is a good option. It won't give us extra experience for farming Sanctum, but it will let us work on other projects at the same time.
- It's probably best to farm experience for several pets.
To do this, go to the "LSTs" tab and choose any token you like with "Sanctum LST" mark. Buy it and hold it.
Follow community quests and transfer liquidity if necessary.
I think we'll have the chance to add these tokens without losing EXP in the future. After all, this is what the platform is designed for.
GameFi at its purest, and I'm definitely in. The platform's design was so successful that the developers joked they attracted more female users than they planned. And the mods in Discord who fixed my issue really quickly are great. I have a feeling that the community around the project will be a decent one.
Even if you don't care about my personal opinion, the bottom line is that Sanctum has strong funds on backers, good metrics, active social networks, and a liquid-staking narrative. The project isn't overfarmed or shilling much yet, so now is a great time to join the activity.
Sources:
https://learn.sanctum.so/docs - Sanctum docs.
https://learn.sanctum.so/guides - Sanctum user-guide.