# Solana's Staking Sanctum

*Author: Bankless*
*Published: May 7, 2024*
*Source: https://www.bankless.com/get-started-with-solanas-sanctum*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Frame-50474--12-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=getting-started-in-sanctum-wonderland&email=true)

  

Solana's Staking Sanctum
  

  
  Published on May 7, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Democrats Go After Mixers
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-15--20-.png)](https://www.bankless.com/dashboard)- 🌪️ **Democrats targeting crypto mixers.** House Democrats are [prepping new legislation](https://www.coindesk.com/policy/2024/05/07/crypto-mixers-targeted-in-us-house-democrats-effort-to-clamp-down-on-money-laundering/) aimed at preventing money laundering facilitated by crypto mixing services like Tornado Cash. House Republicans aren’t likely to support the bill.
- 🇳🇬** Binance CEO speaks against exec detention.** Binance’s Richard Teng published [a blog post speaking out](https://www.binance.com/en/blog/leadership/from-richard-teng-binance-ceo-tigran-gambaryan-is-innocent-and-must-be-released-3634612934164622056) against Nigeria’s more than 70-day detention of compliance officer Tigran Gambaryan, calling for his immediate release.
- 🕷️** Bitcoin L2 startup raises $8.5M. **Botanix Labs, which is building the Spiderchain Bitcoin L2 with full EVM equivalence, [announced](https://www.theblock.co/post/292873/botanix-labs-raise-bitcoin-defi) it had closed $8.5M in private funding.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
Can BTC Follow TradFi?
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-07T150447.255.png)](https://www.bankless.com/btc-follow-tradfi-gains)**📊 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? *

[Read More Analysis on Bankless.com](https://www.bankless.com/btc-follow-tradfi-gains)

Prices as of 3pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.33T
       

  
    
    ↘ 0.4%
    
  

   
    
    ↗ 5.9%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $63,115
       

  
    
    ↗ 0.1%
    
  

   
    
    ↗ 5.1%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,050
       

  
    
    ↘ 0.4%
    
  

   
    
    ↗ 3.4%
    
  

  

.  .  .

 
  
    

    TACTIC

  
  
    
   
Getting Started with Sanctum Wonderland
  
  
   
     
     Bankless Author: 
     
      [
       
       William M. Peaster](https://twitter.com/WPeaster)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-07T135413.248-1.png)](https://www.bankless.com/getting-started-in-sanctum-wonderland)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 *👇

[Read the Full Rundown](https://www.bankless.com/getting-started-in-sanctum-wonderland)
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