Sanctum is a liquid staking protocol that enables third parties like Jupiter and Bonk to create their own token. Solana holders can then swap their $SOL for these liquid staking tokens and earn various rewards like a higher than normal APR or receive their earnings in $BONK.
Liquid staking allows Solana holders to stake their $SOL with a validator to help support Solana's operation and security while maintaining liquidity. Unlike traditional staking, where staked assets are locked up and cannot be used until they are unstaked, liquid staking gives users a liquid token in return for the staked assets.
SANCTUM'S AIRDROP
Season one of Sanctum's airdrop has ended, but season two is right around the corner. You can qualify for season two by creating a Sanctum profile and staking your $SOL with Sanctum.
Here is the link: https://sanc.tm/w?ref=VZSKTV