Phantom Staked SOL

Phantom Staked SOL (PSOL) is a liquid staking derivative token issued when you stake SOL using the Phantom Wallet on the Solana blockchain. When you deposit SOL into Phantom’s stake pool, the protocol mints PSOL tokens in your wallet, which represent your staked SOL plus accrued rewards over time. As staking rewards accumulate, each PSOL token becomes worth more SOL, allowing holders to earn yield without locking up their assets in traditional stake accounts.

Unlike native Solana staking — where your SOL is in a stake account and cannot be freely transferred — PSOL remains liquid and can be held, swapped, or used in decentralized finance (DeFi) applications that support it. Phantom’s liquid staking also participates in priority fees and MEV (Maximal Extractable Value) rewards, which can result in higher on-chain yield than base Solana delegation.

PSOL is non-custodial and audited, built on the Solana stake pool program, meaning users keep control of their tokens while earning rewards. The token has substantial trading activity and market capitalization — with over $90 M in cap and frequent trading on Solana DEXes — and is tracked on price platforms like CoinGecko.

From within the Phantom Wallet UI, users can stake SOL to mint PSOL, unstake PSOL back into SOL (with a small exit fee), and swap into or out of PSOL directly. PSOL can also be used as collateral or liquidity in other Solana DeFi protocols such as Kamino Finance for borrowing and yield strategies.