The first stage of our expansion to Solana is complete.
Today we launch pxSOL, bringing the two-token model that made pxETH Ethereum's highest-yielding and fastest-growing LST to a new ecosystem. The same architecture that became home for over $200M TVL now provides Solana users with superior yields and flexibility.
Users can mint pxSOL here.
What is pxSOL?
pxSOL is a two-token Solana liquid staking solution, consisting of pxSOL and apxSOL, each tailored for different user preferences. This design gives users a choice between liquidity or boosted staking yield.
pxSOL is for those willing to forgo staking yield in favor of flexibility and other yield earning opportunities across Solana DeFi.
When users deposit SOL and mint pxSOL, they're opting to hold a SOL-pegged asset that can be used throughout Solana's DeFi ecosystem. These users are trading their staking yield for the ability to use their SOL in other activities like providing liquidity, participating in lending protocols, and more.
apxSOL is for users looking to maximize their SOL staking yield.
After minting pxSOL, users can deposit it into Dinero's auto-compounding rewards vault to enjoy boosted SOL staking yields. Since users that choose pxSOL forgo their staking yield, each apxSOL benefits from the staking rewards of more than one staked SOL, amplifying its yield.
Why Stake with pxSOL?
Staking through pxSOL provides a more flexible solution than other liquid staking tokens.
It offers non-custodial staking with professional validator oversight through Galaxy's infrastructure. Users can stake SOL and simultaneously tap into their liquidity across DeFi with pxSOL. Users opting for apxSOL also receive boosted staking yields backed by enterprise-grade security and monitoring.
pxSOL Liquidity
A co-incentivized pxSOL/SOL liquidity pool on Orca is available for users to trade, provide liquidity, and earn rewards. More pools will be available for users in the coming weeks.
Audits
pxSOL has undergone an extensive audit by Zenith, which can be found here.