Liquid Collective has introduced Liquid Staked SOL (LsSOL), a liquidity staking token on the Solana platform, aimed at serving institutions and ETF trading product providers.
This product is designed to meet the needs of large institutions as the Solana spot ETF fund is likely to receive government approval soon.
MAIN CONTENT
Liquid Collective launches LsSOL token, focusing on institutional clients.
LsSOL is deployed on the Solana platform, serving liquidity staking.
The token supports Solana ETF fund providers expected to be recently approved.
What is Liquid Staked SOL (LsSOL) and why is it important for institutions?
Liquid Staked SOL (LsSOL) is a liquidity staking token developed on the Solana Blockchain, tailored for institutional investors and ETF product providers. The launch of LsSOL is led by Liquid Collective – an enterprise-level staking platform known for its industry reputation.
This token helps institutions leverage the benefits of staking SOL while maintaining flexible trading capabilities, which is not easily achieved by individuals or small investors.
"The issuance of LsSOL is an important step to increase liquidity and create a bridge between staking and trading markets for large institutions."
Mr. Dave Chapman, CEO of Liquid Collective, 7/2024
How does LsSOL on the Solana platform work?
LsSOL is a token representing the amount of SOL that has been staked through Liquid Collective, allowing token holders to trade flexibly without having to wait for the traditional unstake period. This is a suitable solution for ETFs and organizations looking to keep SOL staked while leveraging liquidity.
In 2024, data from the Blockchain Institute report shows that the liquidity and efficiency of LsSOL help optimize capital in complex financial products in the cryptocurrency market.
The benefits of the LsSOL token for the ETF fund expected to be approved
With the ability to provide fast liquidity processing for SOL staking, LsSOL helps Solana ETF providers build products that meet regulatory requirements and operate more efficiently, especially as Solana spot ETFs may be approved in the coming months.
This is supported by top cryptocurrency finance experts, assessing that LsSOL will enhance the liquidity appeal of ETFs, mitigate risks, and optimize returns for institutional investors.
"LsSOL is a testament to the sustainable development of the Solana ecosystem, enhancing the professional staking experience in an increasingly clearer legal context."
Dr. Helen Nguyen, Blockchain Expert, National University of HN, 2024
Comparison table of liquidity staking tokens: LsSOL and other options
Criteria LsSOL (Solana) Token Staking ETH Token Staking Bitcoin Solana Platform Ethereum Bitcoin (Wrapped) Target Audience Institutional & ETF Individual Users & Institutions Whales & Institutions Flexibility of Trading High, liquidity-representing token Medium Low, more complex mechanism Related ETF Approval Expected soon Several funds have been approved Under review
Frequently Asked Questions
How can LsSOL be used for staking?
LsSOL represents staked SOL, allowing holders to trade the token without needing to withdraw staking, optimizing liquidity in institutional investment.
How does this token impact the Solana ETF fund?
LsSOL actively supports the Solana ETF fund by improving liquidity and meeting legal requirements in the market.
Who is the developer of Liquid Staked SOL?
Liquid Collective – a reputable enterprise staking platform, specializing in providing institutional-grade liquidity staking solutions.
Is LsSOL safe for institutional investors?
The token is designed with a stringent control process, focused on security and legal compliance, meeting high standards of institutional investors.
When is the approval time for the Solana ETF fund predicted?
The government is expected to review and approve in the coming months, opening a new era for institutional cryptocurrency investment.
Source: https://tintucbitcoin.com/lssol-liquid-collective-ra-mat-staking-solana/
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