Why is 1 SOL not 1 elSOL?
elSOL is a reward-bearing token that increases in value over time as staking rewards accumulate.
When you stake your SOL, you receive elSOL in return. elSOL represents your staked SOL and the rights to earn staking rewards as a Liquid Staking Token (LST). The staked SOL is then distributed among high-quality validators through the elSOL stake pool, designed to achieve optimal yields. The rewards earned by these validators are added back into the pool, increasing the value of elSOL over time. This is why 1 SOL is not equal to 1 elSOL. By holding elSOL, you continue to accumulate rewards and can benefit more the longer you hold.
What is a Liquid Staking Token (LST)?
Unlike traditional staking, LSTs can be swapped at any time and offer opportunities for additional yield.
A Liquid Staking Token (LST) represents the ownership of your staked tokens and the rewards they earn, while maintaining liquidity. As an LST, elSOL allows you to freely swap it for other tokens without locking them, unlike traditional staking. Additionally, you can provide elSOL to Liquidity Pools on DeFi platforms like Orca to potentially earn higher yields compared to regular staking. This allows you to earn staking rewards while also leveraging the DeFi ecosystem to maximize your assets' efficiency.
solv: Open-Source Solana Validator Tool
solv is an open-source tool designed to simplify the setup and operation of Solana validators and RPC nodes. By using solv, essential tasks such as setting up, operating, monitoring, alerting, and upgrading Solana validators and RPC nodes can be performed easily and without hassle.
Validators Solutions: Solana Validator Automation
Automating your Solana validator operations simplifies complex management tasks and ensures stable operation. By maintaining network security, you can maximize your opportunities to earn incentives and efficiently manage your node. Our solution allows you to get started easily, even without technical knowledge.
ERPC: Solana Enhanced RPC
Fastest Transactions from Anywhere, Anytime. ERPC offers a global proxy supported by more than 300 edge servers around the world. Every time users access the network, the closest server is automatically selected, ensuring low-latency and stable connections. This guarantees fast access from any region, maximizing performance.
Buidlers Collective Solana NFT
Buidlers Collective is an NFT collection designed to support sustainable open-source development. By staking this NFT on the Epics platform, you can earn $EPCT token rewards, while an equal amount is donated to the staked open-source project. We are committed to building a sustainable environment for the future of open-source, pioneering a new form of social contribution through No-Loss Donation, where staking rewards are donated without losing the principal.
Validators DAO
Validators DAO is a project focused on decentralizing and enhancing the security of the Solana network. To maintain Solana's high performance and overall health, increasing the number of validators and decentralizing staking is essential. The open-source tool 'solv' simplifies validator operations, while the community fosters active knowledge sharing among validators. Additionally, Validators Solutions offers automated operation solutions, creating an environment where anyone can easily participate as a validator.