💚gS - Guardian Staked SOL (LST)
Overview of our Liquid Staking Token - Guardian Staked SOL
Last updated
Overview of our Liquid Staking Token - Guardian Staked SOL
Last updated
We are proud to announce we have partnered with Sanctum to facilitate and launch $gS! If you are new to LST's please read the "what is an LST?" section at the bottom of this page.
We have structured $gS to live up to our mission of creating a forward looking staking environment that will stand the test of time and provide stakers their very much earned rewards.
For the time being we have chosen the $gS stake pool to direct its $SOL to be staked with Laine Validator, an OG validator in the space with a nothing less than perfect track record & reputation. We strongly believe Laine is an ethical validator and does what's in the best interests of Solana and its users.
This way, while we are prepping Guardian Validator's launch that will take place shortly after our Guardian NFT mint you can support us while earning a highly competitive return on your stake with an industry leading validator!
After our main-net launch of Guardian Validator we will switch over the stake pool to stake with us, initiating all the benefits that come with it.
The benefits include:
Sharing of our block rewards with $gS holders.
Future DeFI integrations.
Holder specific perks in our community.
As a base Guardian Validator plans to share 51% of all our block rewards with $gS holders making it one of the most attractive LST's to hold. Combined with a performant, ethical validator $gS will make the perfect forever home for staked $SOL.
LST stands for Liquid Staking Token and is essentially a tokenized version of staked $SOL.
On Solana when you natively stake your $SOL you create a stake account and delegate your $SOL to a validator. This by design has a one epoch activation period meaning at the end of the epoch you chose to stake in, is when your $SOL gets staked. Conversely when you want to deactivate your stake and withdraw, it takes one epoch. This means when your $SOL is staked you do not have immediate access to your $SOL if you want it, making it illiquid.
LST's solve this problem by making staked $SOL liquid and instantly accessible to trade or use in DeFI etc.
$gS being an LST also serves as a great tool for us to be able to distribute our block rewards to stakers.
Here is an explanation on how LST's work by Sanctum.
