Sanctum

Sanctum is a liquid staking infrastructure protocol on Solana that has created a unified liquidity layer for all liquid staking tokens (LSTs). Rather than competing with individual LST providers, Sanctum enables seamless swaps between different LSTs and provides infrastructure for creating new ones. The protocol's core innovation is the Infinity pool — a multi-LST liquidity pool that enables instant swaps between any liquid staking tokens on Solana (mSOL, JitoSOL, bSOL, etc.) with minimal slippage. This solves the liquidity fragmentation problem that arises when multiple LST providers each have their own tokens with separate liquidity pools. Sanctum also makes it easy to create new LSTs through its validator LST program. Any Solana validator can create their own branded liquid staking token, with Sanctum handling the infrastructure for minting, redemption, and liquidity. This has led to an explosion of validator-specific LSTs, giving validators new ways to attract delegators and build community. The INF token (Sanctum's liquid staking pool token) earns yield from all LSTs in the Infinity pool, providing diversified staking exposure. The CLOUD governance token gives holders voting rights over protocol parameters. Sanctum has become a key piece of Solana's staking infrastructure, improving capital efficiency and reducing fragmentation across the liquid staking ecosystem.