About Liquid Staking Tokens (LSTs)

Written By Nansen Intern

Last updated 3 months ago

What is nxSOL?

nxSOL is a liquid staking token for Solana launched by Nansen in partnership with Sanctum. It allows you to earn SOL staking rewards while maintaining full liquidity - no lockup periods required.

How does nxSOL work?

nxSOL is a liquid staking token (LST) launched in partnership with Sanctum.

When you stake SOL via Sanctum, you receive nxSOL - a liquid staking token that represents your staked position and continues to accrue staking rewards. You can then use nxSOL in DeFi protocols like Kamino to earn additional yield or participate in DeFi activities.

  • Sanctum is Solana's largest liquid staking infrastructure provider with nearly $3 billion in assets under management. They power the technical infrastructure behind nxSOL.

  • Kamino Finance is a decentralized finance (DeFi) protocol on the Solana blockchain. It is a DeFi hub that provides a user-friendly way to manage digital assets within the Solana ecosystem.

Can I withdraw my SOL anytime?

Yes. nxSOL has no lockup period—you can withdraw your SOL at any time while still earning staking rewards.What are the benefits of nxSOL?

  • Earn SOL staking yields with no lockup

  • Full liquidity and composability across Solana DeFi

  • Supports Solana's decentralization and security

Does nxSOL accrue Points?

Yes! Your nxSOL position earns Points. All your Points are being tracked from day one. In the meantime, rest assured - your Points are accumulating behind the scenes, distributed retroactively.

How do I use nxSOL in DeFi?

Once you hold nxSOL, you can use it like any other token in Solana's DeFi ecosystem in protocols like Kamino to earn additional yield or participate in DeFi activities.

DeFi integrations coming very soon.

How to get started with nxSOL?

Go to https://app.sanctum.so/explore/nxSOL

  • Users stake as little as $1 worth of SOL.

  • In return, they receive nxSOL, which represents both their principal and accrued staking rewards.

  • Rewards are distributed approximately every two days and compound automatically into the token’s value.

Is nxSOL secure?

nxSOL is built on Sanctum's proven liquid staking infrastructure and backed by Nansen's validator operations, which manage billions in staked assets across multiple chains.