Sanctumso Launches swSOL, a Yield-Bearing Alternative to Wrapped SOL
- —swSOL keeps 1:1 redemption for SOL, matching wrapped SOL
- —Targets $2.2 billion in idle wSOL assets
- —Integrating protocols receive staking yield
- —Aims to boost staking and liquidity on Solana
Why it matters: If swSOL displaces wSOL, part of the $2.2 billion in idle assets could move into staking, lifting yields and liquidity across Solana DeFi.
Source: Coinfomania