Lido Staked SOL (STSOL)

stSOL is a receipt token you get when you stake SOL through Lido on Solana. Unlike plain SOL, stSOL grows in value against SOL over time as staking rewards accumulate, so one stSOL gradually becomes worth more than one SOL. You can also transfer or use it in DeFi while your original stake keeps earning.

Lido pools users' SOL and delegates it to a curated set of professional validators on the Solana network, which uses a Proof-of-Stake consensus mechanism. Rewards from validation are automatically added to the pool, and the value of your stSOL rises accordingly — no manual claiming needed. Note that Lido announced winding down its Solana support, so check the protocol's current status before using it.

stSOL doesn't have a fixed cap — new tokens are only minted when users stake SOL, so supply reflects actual demand for liquid staking. Its price relative to SOL is determined by the total staked assets and accumulated rewards in the pool. This design keeps stSOL fully backed by real staked SOL.

stSOL is an SPL token on Solana, so it can be stored in any wallet that supports the Solana network, such as Phantom or Solflare. Beyond holding it, you can use stSOL in DeFi — lend it, provide liquidity, or use it as collateral — to potentially earn additional yield on top of staking rewards. Always verify the current status of Lido on Solana before interacting with the token.