When Sharps Technology, Inc. (Nasdaq: STSS) announced it would allocate part of its SOL holdings to bonkSOL to earn yield, it offered an early validation of our belief that DATs will inevitably turn to LSTs as the essential first step before deeper DeFi exploration.
→ Why LSTs are the prerequisite
Now, the team has revealed further LST involvement. STSS will allocate a portion of its treasury to Jupiter’s jupSOL LST and validator. In doing so, the team says it intends to “earn staking yields, while also expanding liquidity in the Jupiter and Solana ecosystems.” The strategy shows the breadth that’s possible to institutions. By getting involved with bonkSOL (cultural alignment) and JupSOL (user base scale & deep product suite), STSS is showing that DATs don’t have to choose one flavor of LST. Instead, they can extend their brand to every type of DeFi user through diversified LST allocations.
Our conviction is further strengthened by DeFi Development Corp.’s (Nasdaq: DFDV) newly unveiled move to utilize its dfdvSOL LST (launched in partnership with Sanctum) to earn yield via a Gauntlet-curated Drift vault.
The flywheel is turning: more DATs → more SOL staked → more liquidity in LSTs → stronger ecosystem.
What JupSOL Means For STSS
JupSOL is one of the most battle-tested, deeply integrated yield primitives on Solana.
It has been a way for Jupiter to connect validator economics, retail adoption, and platform incentives. Since the token’s launch in April 2024, it has become one of the most widely adopted liquid staking tokens on Solana, garnering 30,000+ holders who have staked over 5.5 million SOL (~$1 billion in TVL).
→ Learn how JupSOL launched with Sanctum
For STSS, allocating treasury capital to JupSOL means aligning its capital with JupSOL’s expansive base of holders and Solana’s leading super app. It’s a SOL/share growth strategy that compounds yield while reinforcing the validator set and liquidity pipelines that keep Solana’s economy moving.
"Jupiter is Solana's leading DeFi superapp. It provides a full suite of trading products (spot, perps, and mobile) and DeFi tools (token creation, yield generation, and portfolio review) to give both new and pro users a comprehensive experience. It has the most integrated set of APIs on Solana, making it both the leading DeFi product and the leading DeFi platform… By aligning with Jupiter, STSS will look to create new opportunities to enhance shareholder value, while simultaneously strengthening Solana's connection with public markets.” - James Zhang, Strategic Advisor to STSS.
Where DATs Get Involved With LSTs
DATs are increasingly validating LSTs as the foundation of how institutions will participate in Solana’s yield ecosystem for years to come.
At Sanctum, our infrastructure is built to help them launch LSTs they can fully own, customize, and brand at near-zero marginal cost.
Whether it’s designing delegation strategies to meet regulatory requirements, supporting DeFi integrations, or bootstrapping deep, efficient liquidity from day one, we provide institutions with tools to embrace LSTs that can’t be found anywhere else.