Pudgy Penguins has joined the Sanctosphere with the launch of penguSOL, a liquid staking token (LST) launched in collaboration with Sanctum through our Staking as a Service product, which has generated over $5 million in revenue for our partners.
Pudgy Penguins is the most popular crypto-native IP, producing content, merch and toys, and digital collectibles. Recently, the team launched Pudgy Party, a mobile game built on blockchain rails where players can explore 35 maps and six game modes with friends. The brand was even featured on the Williams Racing F1 car in Singapore, and is now displayed as a statue in front of the WEPLE NFT Gallery in Seoul, South Korea.
All that to say: there seemingly isn’t a corner of the planet that Pudgy Penguins can’t touch. And now, the brand is backed by a Sanctum LST, enabling its legions of fans to earn yield on their SOL holdings while supporting the Pengu empire.
How penguSOL Works
As an LST, penguSOL provides SOL holders with two primary advantages over native staking:
- Stake without losing access to deposit liquidity
- Deploy LST into DeFi protocols to amplify yield
SOL staked for penguSOL is deployed to the SOL Strategies validator, which maintains a ~6.2% APY. penguSOL automatically accrues staking rewards and can be redeemed for SOL at any time, without lockups or delays.
penguSOL is now available directly on Jupiter and on the Sanctum explore page.
Powered By Sanctum
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.
Our technology powers the issuance, yield accrual, and composability of penguSOL, enabling Pudgy Penguins to integrate a compelling branded liquid staking experience wherever they choose.
Pudgy Penguins joins leading teams like Bybit, Jupiter, and Backpack in launching Sanctum LSTs.
→ Discover our turnkey LST solution
→ Learn how JupSOL became a top Solana LST
What’s Next
As penguSOL grows, Sanctum will support the team in any way we can. Deepening integrations, unlocking new use cases, etc.
To stay up to date on penguSOL news, follow Pudgy Penguins and Sanctum on X.