Solana ecological LSD protocol Sanctum completes US$6.1 million in financing

04/04 02:07

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On April 4th, Sanctum, a liquidity staking protocol in the Solana ecosystem, announced the completion of a $6.1 million seed extension round of financing. Dragonfly led the investment, with participation from Solana Ventures, CMS Holdings, DeFiance Capital, Genblock Capital, Jump Capital, Marin Digital Ventures, and others. Sanctum stated that it will focus on two products by 2024: Sanctum LSTs and Infinity. Infinity is used for liquidity staking on Solana, where users can deposit SOL or other LSTs into Infinity to earn cumulative staking rewards.

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