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Staking Tokens

Category-level public research for Solana traders, with token links, structured risk context, and broader AI framing.

These category pages are meant to be the broader public layer, not a live screener. Use them to understand the segment, route into token pages, and then move into NAVI when you need real-time AI insight, TA updates, and execution context.

Solana liquid staking tokens (LSTs) let holders earn staking yield while keeping capital deployable across DeFi and trading. Depositing SOL returns an LST representing the staked position plus accumulated yield, which can be redeemed or used as collateral. The token's price relative to SOL reflects compounded yield and any liquidity premium or discount created by market conditions.

LST behavior diverges from SOL most clearly during liquidity stress. When broad market volatility spikes, LSTs can temporarily trade at a discount to their redemption value because immediate liquidity commands a premium over the staking yield advantage. Tracking this spread during drawdowns is a high-signal risk indicator for staking token positions.

MEV capture is an important differentiator between staking protocols. Validators with effective MEV infrastructure can generate meaningfully higher returns, compounding yield advantages over time. Jito's MEV focus is the most visible example on Solana, driving yield differences that have shaped LST market share and adoption trajectories.

Governance tokens for staking protocols — like JTO and MNDE — behave differently from LSTs themselves. They are more sensitive to protocol-level narrative, partnership announcements, and governance proposals than to pure staking yield, and can diverge significantly from LST performance in both directions.

Informational only. Not financial advice.

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Staking token directory

7 canonical public token pages in this category.

Jito (JTO)

Jito governance token tied to MEV-aware staking infrastructure on Solana.

Marinade (MNDE)

Governance token for Marinade liquid staking and delegation strategy.

Sanctum (CLOUD)

LST ecosystem token with liquidity and validator participation sensitivity.

Lido Staked SOL (stSOL)

Legacy Lido liquid staking token for SOL. Lido sunset its Solana operations; stSOL remains on-chain and tradeable but active holders have largely migrated to mSOL, jitoSOL, or bSOL.

FAQ

What is the difference between an LST and a staking governance token?

An LST (like jitoSOL or mSOL) directly represents staked SOL plus accumulated yield and trades near SOL price. A governance token (like JTO or MNDE) represents voting rights over the staking protocol and is priced on protocol adoption and sentiment rather than pure yield.

How does MEV capture affect staking yield?

Validators with effective MEV infrastructure pass additional rewards to stakers on top of base staking yields. Protocols with strong MEV capture have historically delivered meaningfully higher yields, influencing LST market share and governance token demand.

What risks are specific to liquid staking tokens?

Smart contract risk, temporary depeg during liquidity stress events, and validator concentration risk. If a single entity controls a large share of staked SOL through an LST, a validator issue can affect the entire LST's redemption value simultaneously.