Nansen, the leading AI onchain platform, has joined the Sanctosphere with the launch of nxSOL, a new liquid staking token (LST) that expands Nansen’s staking operations, which run with over 350,000 staking participants and $1.8 billion in TVL across various chains.
“nxSOL marks the next chapter in Nansen’s staking journey, expanding our reach into Solana while staying true to our mission of making onchain participation simple, liquid, and secure. It’s about unlocking new horizons for users and builders as staking becomes an integral part of the onchain economy.” - Alex Svanevik, CEO of Nansen
Nansen has also purchased CLOUD on the open market.
How nxSOL Works
Depositing to get nxSOL enables SOL holders to earn yield from Nansen’s validator without losing liquidity, freeing them to amplify yield via capital deployment to Solana DeFi protocols. Nansen’s validator currently maintains over $250 million in TVL and a ~6.7% APY.
“We're proud to partner with Nansen to launch nxSOL. nxSOL is an incredible opportunity to bring Solana to the 350,000 stakers Nansen has outside Solana. Sanctum's mission is to bring real yield on real assets to real people, and this partnership is a big step to furthering that mission.” - FP Lee, CEO of Sanctum
nxSOL automatically accrues staking rewards and can be redeemed for SOL at any time, without lockups or delays.
Here’s how to get started with nxSOL:
- Users stake as little as $1 worth of SOL.
- In return, they receive nxSOL, which represents both their principal and accrued staking rewards.
- Rewards are distributed approximately every two days and compound automatically into the token’s value.
Powered By Staking-as-a-Service
Sanctum is the only Solana liquid staking provider that enables teams to launch and own a branded LST complete with custom validator logic, redemption rules, and deep DeFi integrations. All this and more is done through our Staking-as-a-Service offering.
Our infrastructure powers the issuance, yield accrual, and composability of nxSOL, enabling Nansen to integrate its own branded liquid staking experience(s) wherever the team chooses.
Nansen joins leading teams like Bybit, Jupiter, and Pudgy Penguins in launching Sanctum LSTs.
→ Discover our turnkey LST solution
→ Learn why every large SOL holder should launch an LST
What’s Next
As nxSOL attracts stake, Sanctum will stay in close contact with the team, supporting them in any way we can.
Stay current on nxSOL news by following Nansen and Sanctum on X.