Phantom Launches Liquid Staking Token PSOL on Solana
Phantom wallet launches Phantom Staked SOL (PSOL) to enhance Solana’s DeFi ecosystem with liquid staking.
- Phantom launches liquid staking token on Solana.
- PSOL aims to enhance DeFi participation.
- Event could boost Solana’s total value locked.
Phantom, a prominent non-custodial wallet on Solana, launched its new liquid staking token, Phantom Staked SOL (PSOL), on May 14, 2025, aiming to advance the DeFi ecosystem.
Phantom’s introduction of PSOL is poised to impact Solana’s DeFi ecosystem by enhancing liquidity and user engagement.
Phantom, a leading player in Solana’s DeFi landscape, has officially launched a liquid staking token, Phantom Staked SOL (PSOL). This move allows users to stake SOL to earn rewards while maintaining liquidity. Phantom aims to bolster user engagement and network support with this release.
“We’re launching our own LST: Phantom Staked SOL (PSOL) 👻 Why liquid stake with Phantom? Simple: 🏆 Earn SOL rewards 🏋️♂️ Maintain liquidity 💜 Support the @solana network” — Brandon Millman, Co-Founder, Phantom
The initiative targets the growing liquid staking market, with potential implications for Solana’s total value locked (TVL). By adopting PSOL, users can earn SOL rewards, trade them, or use them as collateral. This development is aligned with Phantom’s history of innovation.
The immediate reaction sees a positive sentiment in Solana’s developer community. PSOL is expected to drive further activity and investment into Solana’s DeFi applications, potentially lifting SOL’s overall market demand.
Financially, PSOL may lead to increased liquidity in Solana, setting the stage for higher TVL figures and possibly influencing SOL’s price dynamics. The launch places Phantom in a competitive position within the DeFi sector’s largest asset class.
Historical precedents suggest similar launches have significantly increased network activity. PSOL’s introduction could have regulatory implications, though no official statements from authorities have emerged. The development is part of Phantom’s broader strategy to integrate modern DeFi functionalities.
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