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Add as a preferred source on GoogleSanctumso Launches swSOL as an Alternative to Wrapped SOL
The token maintains 1:1 redemption with SOL and directs staking returns to integrated protocols. The launch targets approximately $2.2 billion in inactive wSOL.
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Sanctumso launched swSOL as an alternative to SOL and wrapped SOL (wSOL), with a 1:1 redemption rate against SOL and staking returns paid to integrated protocols.
The token maintains a 1:1 redemption rate with SOL. The launch targets approximately $2.2 billion in inactive wSOL and is intended to support liquidity and staking activity in the Solana ecosystem.
Staking returns generated through swSOL are paid to integrated protocols.
Simon Yoon
ReporterSimon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.