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Solana's Staking Sanctum
Published on May 7, 2024
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NEED TO KNOW
Democrats Go After Mixers
  1. 🌪️ Democrats targeting crypto mixers. House Democrats are prepping new legislation aimed at preventing money laundering facilitated by crypto mixing services like Tornado Cash. House Republicans aren’t likely to support the bill.
  2. 🇳🇬 Binance CEO speaks against exec detention. Binance’s Richard Teng published a blog post speaking out against Nigeria’s more than 70-day detention of compliance officer Tigran Gambaryan, calling for his immediate release.
  3. 🕷️ Bitcoin L2 startup raises $8.5M. Botanix Labs, which is building the Spiderchain Bitcoin L2 with full EVM equivalence, announced it had closed $8.5M in private funding.
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TODAY IN MARKETS
Can BTC Follow TradFi?

📊 ATHs Inbound? The S&P 500 has staged a respectable resurgence in the past several days, pumping 3.7% off its Thursday lows and continuing to rally into this week. Crypto markets may be starting off the week flat, but is the TradFi rally foreshadowing gains to come?

Prices as of 3pm ET 24hr 7d
Crypto $2.33T ↘ 0.4% ↗ 5.9%
BTC $63,115 ↗ 0.1% ↗ 5.1%
ETH $3,050 ↘ 0.4% ↗ 3.4%
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TACTIC
Getting Started with Sanctum Wonderland
Bankless Author: William M. Peaster

Okay, so you’ve got some SOL in your wallet – what is there to do with it?

Liquid staking is becoming a more popular option; this entails staking your SOL to a staking pool rather than directly to the Solana network. In doing so, you receive a token representing your staked SOL, i.e. a Liquid Staking Token (LST).

Sanctum has been garnering attention for its Wonderland rewards initiative which takes things a step further, letting you put your SOL LSTs to work in an additional rewards program for a potential airdrop with just a few clicks.

Here's how to get started with Wonderland 👇


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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.

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