Launched in April 2024, JupSOL is a liquid staking token (LST) representing SOL staked to Jupiter’s validator.
Created in partnership with Sanctum, JupSOL quickly became one of the most widely adopted LSTs on Solana, offering a unique blend of high yields, deep liquidity, and direct utility for Jupiter users.
More than a staking asset, JupSOL was designed with a strategic edge. It was the first LST to share 100% of block rewards with the community, and launched with zero fees on validator commission and management. Today, the token has nearly 30,000 holders providing over 5 million SOL (~$700 million) in TVL, with more than half of all JupSOL supplied now integrated into Kamino Multiply strategies, highlighting the token’s composability and appeal to advanced DeFi users.
For Jupiter, JupSOL created a way to improve transaction performance, align validator economics with platform incentives, and offer users a branded, high-yield staking experience—all without taking on infrastructure complexity.
Sanctum played a critical role in this launch, from deploying JupSOL to providing the liquidity rails that made the token seamlessly tradable across Solana DeFi.
To better understand how the partnership unfolded and the token’s success, we caught up with Soju, who led the JupSOL launch at Jupiter.
What made Jupiter decide to work with Sanctum to launch its LST?
Sanctum is a close partner for Jupiter, powering all of Jupiter’s routing for LSTs. When it became strategically important to own and run a large validator (due to Solana SWQoS), it was clear for Jupiter to launch a validator to do so.
It’s a clear choice to work with Sanctum, considering our history of working together and the unique value proposition they offer of unified liquidity, lowering the barrier of entry substantially.
What are the key benefits of JupSOL for Jupiter?
Jupiter’s audience is predominantly retail-based, which is less familiar with native staking. LST staking is a much more comfortable experience—leveraging Sanctum and Jupiter Routing to stake directly from jup.ag—and is familiar to most of our audience.
Today, Jupiter Validator is one of the top retail-used validators, with more than 80% of stake coming from LSTs, compared to less than 10% of the market-wide average. This shows the power of LSTs to meet Jupiter's retail community.
In what ways can individuals utilize it?
Jupiter’s LST is one of the best-performing LSTs, focusing on optimizing the validator for APY/block rewards and then giving back to retail.
All retail, or anyone who wants to earn 100% of MEV rewards, block rewards, and inflation, just has to buy and hold the LST.
What is the best benefit of working with Sanctum, compared to alternatives?
Unified Liquidity: We didn’t need to worry about bootstrapping liquidity for our LST, making it much cheaper to run and generate revenues to give back to holders. Also, it allows us to leverage Jupiter’s swap interface to make staking and unstaking a breeze.
What’s the future of JupSOL?
JupSOL is in the hands of the DAO.
JupSOL as a product is easy to understand and requires no engineering maintenance, which is why the DAO owns 100% of the revenues generated and is thus aligned to push JupSOL forward as a huge, decentralized marketing entity.