Liquid Collective Introduces Solana Liquidity Staking Token LsSOL
- The launch targets institutional investors and enhances Solana’s ecosystem.
- LsSOL promotes a liquid and productive SOL asset.
- Institutional support from Coinbase, Kraken, and others emphasizes market confidence.
Liquid Collective has launched the LsSOL, a first institutional-grade liquid staking token on Solana. It mirrors their successful LsETH on Ethereum. Institutional support from firms like Coinbase and Kraken strengthens its market entry.
LsSOL aims to cater to growing institutional demand, with CEO Mara Schmeidt stating:
“It’s the first institutional-grade, purpose-built liquid staking solution for ETP providers, structured products and corporate treasury managers on Solana.”
The launch follows Solana ETF submissions, boosting its relevance in current market dynamics.
The launch of LsSOL could significantly enhance liquidity in the Solana ecosystem, positioning SOL as a more productive and institution-friendly asset. Institutional partnerships ensure robust infrastructure support.
The release of LsSOL arrives as Solana gains momentum, with $21 billion unstaked SOL providing a vast potential liquidity pool. This launch might increase the staked SOL percentage currently dominated by retail-focused solutions.
The introduction of LsSOL may provide significant financial, regulatory, and technological benefits. Historical success of LsETH and upcoming ETF approvals could enhance liquid staking’s appeal, as institutional efforts focus on improved liquidity solutions.
