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1.What is Sanctum?
Sanctum is a DeFi project focusing on Liquid Staking, built on Solana. Sanctum enables users to provide liquidity for SOL with Liquid Staking Tokens (LST), earning rewards while providing liquidity for that trading pair and participating in network security.
- The surge in LSD projects on Solana has led to an abundance of stake SOL (LST) variants, while the supply of SOL remains limited. Consequently, due to the limited supply of SOL, the liquidity of LST - SOL pairs has become uncertain, leading to the depegging of SOL's LST. This depegging triggers widespread liquidation on lending and borrowing platforms, potentially setting off a domino effect collapse entire ecosystem.
2. Investor
The project has successfully raised $6.1 million from reputable investment funds in the market such as DragonFly Capital, Sequoia Capital, CMS Holdings, Solana Ventures, etc. Recently, Sanctum had emerged victorious in the LFG Voting round 2 with over 64% of the votes, completely dominating other projects. The TGE is expected to take place in May 2024.
3. Guide to hunting Airdrops with Sanctum
Step 1: LSTs Trading
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- Visit https://app.sanctum.so/trade
- Connect your wallet
- Trading interchangeably among LSTs to increase volume, preferably trading with accumulated volume of $1000 and above.
Step 2: Deposit SOL to Receive INF
- Visit https://app.sanctum.so/infinity
- Deposit SOL to convert into $INF (it is recommended to deposit around 100 USDT and hold $INF in your wallet), the current APY for staking is 9.7%
- Withdrawal is possible immediately after depositing.
Currently, INF is supported on platforms such as Armada, MarginFi, Solend,... for optimal utilization, allowing users to transfer INF to platforms like MarginFi for airdrop farming. For optimization, trader can transfer INF to platforms like MarginFi to farm airdrops there.
4. Conclusion
These are the instructions for hunting airdrops with Sanctum - a DeFi project focusing on Liquid Staking built on Solana. Sanctum's token is expected to launch during May 2024, so it's recommended to act promptly to seize the airdrop opportunities from the project.
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