Sanctum: The Stability Protocol of Solana

    About Sanctum:

    Staking has become an increasingly popular way for cryptocurrency investors to earn passive income. By staking their assets, investors can contribute to the security and stability of the blockchain network, and in return, they receive rewards in the form of additional tokens. However, staking also comes with its own set of challenges, particularly when it comes to unstaking your assets. In many cases, unstaking can be a slow and expensive process, with users having to wait for long periods and pay high fees.

    This is where Sanctum comes in. Developed by the team at Solana, Sanctum is a revolutionary stability protocol that has been designed to provide SOL and LST asset holders with a more efficient and cost-effective way to unstake their assets. The protocol is built on Solana's high-performance blockchain network, which enables it to process transactions quickly and at low cost.

    One of the key features of Sanctum is its ability to enable users to unstake their assets in just seconds. This is a significant improvement over traditional staking protocols, which can take days or even weeks to complete the unstaking process. With Sanctum, users can quickly and easily access their staked assets whenever they need them, without having to worry about long wait times.

    Another major benefit of Sanctum is its low fees. Traditional staking protocols often charge high fees for unstaking, which can eat into users' profits. With Sanctum, however, users can unstake their assets for a fraction of the cost of other protocols. This makes it an ideal choice for investors who want to maximize their returns while minimizing their costs.

    In addition to its speed and low fees, Sanctum also offers a high level of flexibility and convenience. Users can unstake their assets at any time, without having to worry about lock-up periods or other restrictions. This gives investors greater control over their assets and enables them to respond quickly to changes in the market.

    Overall, Sanctum is a game-changing protocol that is transforming the staking landscape. By providing users with a faster, cheaper, and more flexible way to unstake their assets, it is making staking more accessible and profitable for everyone. Whether you are a seasoned cryptocurrency investor or just getting started, Sanctum is a tool that you should definitely consider adding to your toolkit.

    Methodology:

    The data provided by Flipside has been used to handle this analysis.

    • In this investigation, first of all, the performance of the Sanctum in the Solana ecosystem has been determined.

      • Actions-> Stake and Unstake
      • Types-> Instant stake/unstake and use Jupiter
      • Metrics-> Total count of stakes and unstakes, count of users, volume in SOL and USD, Average user and volume per day, Most popular tokens in programs
    • After KPI, the stats related to the liquidity flow into the reserve pool have been determined.

      • Metrics-> Daily and total interactions, Number of users, Volume in SOL and USD.
    • The comparison between Sanctum and other staking platforms has been done in the final part of this investigation.

      • Major concentration-> Unstake activity
      • Metrics-> Share of unstake by USD volume, Count of users and unstakes for platforms and average unstake volume per day.
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