THE PROBLEM
Validators play a crucial role in maintaining the network and verifying transactions, earning SOL as their compensation
These rewards are given out based on a set rate of inflation, shown below
Just holding SOL can result in reducing buying power day by day
THE SOLUTION
Through liquid staking, you delegate your SOL to validators, which rewards you with a certain APY.
This way, you can offset negative inflation
At this point, almost every project has its own LST I did the work for you to find the best ones
To determine the best LSTs, I created several categories:
APY
Airdrops
DeFi Acceptance
Trust Index
Here are five leading LSTs widely accepted in DeFi, each offering a high APY of 7% and above.
However, only two of these LSTs provide an airdrop:
dSOL (@DriftProtocol)
vSOL (@thevaultfinance)
With dSOL from @DriftProtocol, you not only get an LST with one of the highest APYs
You also earn 5x FUEL for the next Drift Airdrop in June
(Plus, it can be used as collateral for perps too)
If you hodl SOL, the worst thing you can do is holding native SOL instead of LSTs
By liquid staking your SOL for dSOL, you get:
8.67% APY
FUEL Airdrop
