Liquid Collective has introduced Liquid Staked SOL (LsSOL), a liquidation Staking Token on the Solana platform, aimed at serving organizations and ETF product providers.
This product is designed to meet the needs of large organizations as the Solana spot ETF may receive government approval in the near future.
- Liquid Collective launches LsSOL Token, focusing on institutional clients.
- LsSOL is deployed on the Solana platform, serving liquidation Staking.
- Token supports Solana ETF providers expected to be approved recently.
What is Liquid Staked SOL (LsSOL) and why is it important for organizations?
Liquid Staked SOL (LsSOL) is a liquidation Staking Token developed on the Solana Blockchain, specialized for institutional investors and ETF product providers. The emergence of LsSOL is led by Liquid Collective – an enterprise-level Staking platform known for its industry credibility.
This Token helps organizations leverage SOL Staking benefits while maintaining flexible trading capabilities, which individuals or small investors cannot easily achieve.
"The release of LsSOL is an important step to increase liquidation and create a bridge between Staking and trading markets for large organizations."
Mr. Dave Chapman, CEO of Liquid Collective, 7/2024
How does LsSOL work on the Solana platform?
LsSOL is a Token representing SOL that has been Staked through Liquid Collective, allowing Token owners to flexibly trade without waiting for the traditional unstaking period. This is a suitable solution for ETF funds and organizations wanting to keep SOL Staking while leveraging liquidation.
In 2024, data from the Blockchain Institute report shows that the liquidation and efficiency of LsSOL help optimize capital in complex financial products in the cryptocurrency market.
Benefits of LsSOL Token for expected ETF approval
With the ability to provide quick liquidation processing for SOL Staking, LsSOL contributes to helping Solana ETF providers build products that meet legal requirements and operate more efficiently, especially when the Solana spot ETF may be approved in the coming months.
This is supported by top cryptocurrency financial experts, who assess that LsSOL will increase the attractiveness of ETFs in terms of liquidation, minimize risks, and optimize profits for institutional investors.
"LsSOL is evidence of the sustainable development of the Solana ecosystem, enhancing professional Staking experience in an increasingly clear legal context."
Dr. Helen Nguyen, Blockchain Expert, National University of HN, 2024
Comparison Table of Liquidation Staking Tokens: LsSOL and Other Options
| Criteria | LsSOL (Solana) | ETH Staking Token | Bitcoin Staking Token |
|---|---|---|---|
| Platform | Solana | Ethereum | Bitcoin (Wrapped) |
| Serving Target | Organizations & ETF | Individual & Organizational Users | Whales & Organizations |
| Flexible Trading Capability | High, Liquidation Representative Token | Medium | Low, More Complex Mechanism |
| Related ETF Approval | Expected Soon | Several Funds Already Approved | Under Evaluation |
Frequently Asked Questions
How can LsSOL be used for Staking?
LsSOL represents Staked SOL, allowing owners to trade Tokens without unstaking, optimizing liquidation in institutional investment.
How does this Token affect the Solana ETF?
LsSOL actively supports the Solana ETF by improving liquidation and ability to meet legal requirements in the market.
Who is developing Liquid Staked SOL?
Liquid Collective – a reputable enterprise Staking platform specializing in providing enterprise-level liquidation Staking solutions.
Is LsSOL safe for institutional investors?
The Token is designed with strict control processes, focusing on security and legal compliance, meeting the high standards of institutional investors.
When is the Solana ETF approval expected?
The government is expected to review and approve in the coming months, opening a new era for institutional cryptocurrency investment.
