Sanctum - The Stability Protocol of Solana

    Sanctum is the next generation stability protocol for Solana DeFi.

    Sanctum acts as a buffer, or a backstop, that enhances liquidity depth across the chain, and helps reduce turbulence when volatility hits.

    How does Sanctum provide stability?

    Sanctum stabilises Solana through two functions.
    1. Sanctum unlocks staked SOL to use throughout DeFi by providing a backstop of SOL liquidity.

    2. Sanctum makes sure DeFi borrow-lend protocols remain solvent by providing a safe haven of SOL to flash loan and close LST-collateralised positions.

    What's Sanctum?
    db_img

    Methodology

    In this dashboard the following addresses were used:
    • Unstake Program: unpXTU2Ndrc7WWNyEhQWe4udTzSibLPi25SXv2xbCHQ
    • SOL Reserve Pool: 3rBnnH9TTgd3xwu48rnzGsaQkSr1hR64nY71DrDt6VrQ
    • Router Program: stkitrT1Uoy18Dk1fTrgPw8W6MVzoCfYoAFT4MLsmhq
    Using these addresses I was able to track the activity of the Reserve pool to find volume, number of transactions and users who unstaked their SOL using Sanctum, Unstake program activity to find the unstaked tokens and their volume.

    The reserve pool query was forked from here

    Note: All images used are from docs.sanctum.so

    db_img

    🐦 twitter.com/mondov_dev

    Made by mondov