Better yields are coming to Solana. The Dinero team has been hard at work pushing out pxSOL, a two-token SOL LST. In this guide I’ll explain how to get started with pxSOL, covering the staking process and providing liquidity on Orca to earn additional incentives.
Overviews
Before we start, let's go over all the details to make sure you're fully prepared.
What is pxSOL?
pxSOL is a high-yield liquid staking solution for Solana, built on the same two-token model that made pxETH successful on Ethereum. When users stake SOL, they receive pxSOL, a 1:1 SOL-pegged token optimized for DeFi use.
What is apxSOL?
Users who want staking rewards can stake pxSOL into a rewards vault and receive apxSOL, which earns boosted staking yield drawn from the total staked SOL pool. This model lets apxSOL holders benefit from both their own stake and the broader pool, increasing their overall yield.
What is Orca?
Orca is a decentralized exchange (DEX) on Solana and Eclipse that uses a Concentrated Liquidity Automated Market Maker (CLMM) to enable token swaps and liquidity provision. It allows traders to swap tokens with low slippage and liquidity providers to allocate capital within specific price ranges for higher efficiency.
Obtaining pxSOL
Users can mint pxSOL through the UI available here. Once there, input how much SOL you’d like to deposit, then you’re done!
Note: If you’re looking to earn SOL staking yield, apxSOL must be selected. However, if you want to provide liquidity on Orca, select pxSOL. If you encounter any issues, please open a support ticket in our Discord
Earning on Orca
Orca makes depositing pxSOL as simple as possible. To begin, navigate to the pxSOL/SOL Pool in the Orca dApp here:
Before continuing, let’s note a few stats on the UI:
-
APR for LPs: The amount of yield your pxSOL will be earning
-
Fees: Fee taken every 24hours on the LP
-
Position Ranges: Position ranges is the price window where your liquidity is active. Outside that range, you earn nothing.
-
TVL: Total value within the Liquidity Pool
-
Weekly Incentives: Rewards the protocol offers for the LP
To deposit, follow the steps below:
-
Connect your wallet and click “Add Liquidity”
-
Select “Full” or "Custom" as your Deposit method
- For LST pools, a closer peg is recommended — Custom helps achieve this by matching each token’s USD ratio, avoiding price impact.
-
Enter the amount of pxSOL/SOL you’d like to deposit
-
Click “Deposit” and sign the transaction. After this, you’ll receive your Whirlpool LP NFT token.
If you encounter any issues, open a support ticket in the Discord.
Rewards on Orca
As your liquidity sits in the vault, you’ll begin earning incentives from both Dinero and Orca,, and trading fees. These rewards can be claimed directly in the UI within the “Portfolio” tab.