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Pudgy Penguins Partners with Sanctum to Launch LST penguSOL

The collaboration introduces a staking option for SOL via the Pengu validator, offering yields without a lock-up period while supporting PENGU.

SOL
PENGU

Summary

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Terms & Concepts
  • LST (Liquid Staking Token): A token representing staked assets that remain liquid, allowing holders to earn staking rewards while maintaining flexibility.
  • SOL: The native cryptocurrency of the Solana blockchain, used for transactions, staking, and network security.
  • Pengu Validator: A staking validator operated under the Pudgy Penguins ecosystem, enabling users to delegate SOL and earn yields while supporting PENGU.