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Phantom Introduces Liquid Staking for Solana, Convert SOL to JitoSOL
Jun 6, 2024, 03:20 PM
Phantom has introduced liquid staking for Solana in partnership with Jito. This new feature allows users to convert their natively staked SOL to JitoSOL directly from their Phantom wallet. Liquid staking enables users to earn staking rewards while maintaining liquidity and utilizing their staked assets in DeFi. Additionally, users can deposit their newly minted JitoSOL for yields up to 18% in the Phantom browser. This initiative also aims to strengthen Solana.
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