Sanctum Launches Mobile App With Daily SOL Staking Rewards

According to Sanctum, its new mobile app allows users to earn up to 10% daily SOL rewards through liquid staking while engaging with interactive features like Cloud Pets.

SOL

Summary

Sanctum officially announced the launch of its Sanctum App alongside an open waitlist for prospective users. The Solana-based liquid staking platform’s mobile application offers up to 10% daily rewards in SOL, the native token of the Solana blockchain. Additionally, the app includes interactive elements such as Cloud Pets, aiming to enhance user engagement. This press release highlights Sanctum’s effort to expand access to liquid staking services via mobile devices.

Terms & Concepts
  • Liquid staking: A process that allows users to stake tokens while maintaining liquidity, enabling them to use or trade assets without unbonding.
  • SOL: The native cryptocurrency of the Solana blockchain, used for transactions and staking within the network.
  • Staking rewards: Earnings distributed to participants who lock up cryptocurrency to support network security and operations.