SOL Strategies launches STKESOL, a liquidity staking token, with an initial staking amount of 500,000 SOL.
SOL Strategies, the SOL treasury company, announced the launch of STKESOL, a liquidity staking token with an initial staking amount of 500,000 SOL. This product distributes stake across dozens of validators through its automated delegation model and will also be available on several major Solana decentralized finance platforms, including Orca, Squads, Kamino, and Loopscale, aiming to add a new revenue stream for SOL Strategies' validator and treasury operations. (The Block)
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