Solana’s liquid staking ecosystem is gaining momentum, with Xandeum leading the charge following the successful conclusion of its six-week staking program. The initiative, which distributed 205 million XAND tokens as rewards, saw 68% of Xandeum’s circulating supply staked as users flocked to earn a share of the generous APY of up to 16% on offer.
Liquid Staking Gains Ground on Solana
Liquid staking has become a cornerstone of decentralized finance, allowing users to earn staking rewards while maintaining liquidity through LSTs representing their staked assets. While Ethereum’s liquid staking sector has been a driving force behind DeFi’s growth, Solana’s equivalent has lagged until recently. However, with protocols like Xandeum offering competitive yields and innovative reward systems, the landscape is changing.
Xandeum’s program has shown that liquid staking on Solana has significant room to grow once suitable incentives are in place. By providing double-digit APYs, Xandeum

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