Liquid Collective's LsSOL token aims to address institutional demand for Solana as the potential approval of a spot Solana ETF approaches.
Liquid Collective has launched Liquid Staked SOL (LsSOL), a liquidity staking token on Solana, targeting institutional investors. This initiative responds to a growing demand for staking solutions, with $21 billion in SOL currently unstaked. Analysts suggest a 95% likelihood of Solana ETF approval this year, which could attract $3 billion to $6 billion in capital inflows. LsSOL signifies a trend in liquid staking, with nearly $9.4 billion locked in such solutions across the market.