JupSOL: Jupiter Staked SOL

Hey folks! This is FP from the Sanctum team here. We worked closely with Jupiter to launch a new liquid staking token (LST), JupSOL. Here I explain JupSOL: what it is, why it’s needed, and how you can participate.

What is JupSOL?

JupSOL is a liquid staking token (LST) that represents SOL staked to Jupiter’s validator.

Why JupSOL?

Jupiter is bootstrapping a new high-stake validator. The more stake Jupiter’s Validator has, the easier it is for Jupiter to send successful transactions into a congested network, which means users can get their orders filled quicker.

Jupiter worked with us to set up an LST to drive the liquid staking future. For Jupiter’s retail heavy audience, It was a no-brainer to use a LST. This allowed us to create a very native experience of interacting and using JupSOL on jup.ag or sanc.tm/trade and across many future DeFi integrations.

jupSOL improves accessibility and allows anyone to participate in securing the network.

In the future, Jupiter can expand to delegate SOL in JupSOL to multiple validators.

How does JupSOL work?

SOL that’s deposited into JupSOL is staked. The staking rewards from that SOL accrue to the JupSOL token, which starts at 1:1 with SOL and grows in value over time. For example, if staking rewards are 10% p.a., then after a year, 1 JupSOL == 1.10 SOL. By simply holding JupSOL, you will earn staking rewards.

Where does the yield come from?

JupSOL earns staking yields and MEV kickbacks from Jupiter’s Validator, and has no fees.

Additionally, the Jupiter team will be delegating 100K SOL to the Jupiter Validator, and using the yields to enhance the APY of JupSOL to reward Jupiter’s users. Expect to see higher than average APYs on JupSOL compared to regular LSTs.

Is JupSOL safe?

JupSOL is powered by the SPL stake pool program. The SPL stake pool program is one of the safest programs in the world; it has been audited multiple times, is used by the largest stake pools like JitoSOL and bSOL, and has secured more than $1B of staked SOL over more than two years without an issue.

The program authority is secured by a multisig that includes, among others, members from Sanctum, Jupiter, Mango, marginfi and Jito. Any changes to the program will have to be approved by a majority vote from this multisig. No single party can unilaterally change the program. We plan to significantly grow the size of the multisig and eventually freeze the program.

For more details, check out this post on Sanctum.

What are the fees on JupSOL?

JupSOL has the following fees:

  • 0% management fee
  • 0% validator commission
  • 0% stake deposit fee
  • 0.1% SOL deposit fee
  • 0% withdraw fee

We charge a small SOL deposit fee to prevent an arbitrage attack on the pool.

Why should I buy and hold JupSOL?

Buying and holding JupSOL helps you earn native staking yields on your SOL; this is the “risk-free” rate of SOL. As an extra incentive to hold JupSOL, Jupiter is pumping all validator MEV rewards into JupSOL. This should lead to higher APY than native staking.

When you hold JupSOL you also help Jupiter improve its transaction inclusion rate, helping all Jupiter users to more easily swap, DCA or limit order in congested conditions.

How can I deposit or withdraw from JupSOL?

Jupiter currently supports the Sanctum Router and Sanctum Reserve pool. This means that you can swap for and hold JupSOL natively on Jupiter’s UI, while tapping into Sanctum’s unified LST liquidity sources.

At the time of writing, Jupiter does not support Sanctum Infinity. In the meantime, Sanctum UI may offer better prices. Infinity will be supported on jup.ag soon!

How does Sanctum help Jupiter?

Sanctum has been building liquidity infrastructure for LSTs since 2021. Through Jupiter we have done over $500M of trading volume and power a large proportion of LST swaps on the Solana ecosystem. Sanctum helps Jupiter provide large and deep liquidity to all LSTs, including JupSOL, which allows much cheaper swaps for LST holders.

Sanctum wrote the code to launch the JupSOL LST. We also run an automated crank for JupSOL: as soon as SOL is deposited into JupSOL, it’s picked up and staked immediately to the Jupiter validator.

One last thing…

*wat is wonderland?


What funded the initial 100k SOL to the validator self stake, did those funds come from another Jupiter project? Can you expand on the self stake rewards (not MEV), are those being reinvested into the self stake or are they being allocated elsewhere?

How long the 100k SOL intensive APY last?

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For those wondering, it’s a 6/10 multi-signature and no party can sign a transaction on their own. Even if they were to collude, they couldn’t steal your funds. Fees, and as @H0RNET mentioned, the 100k APY incentive, can be changed, however.

The upgrade authority of Sanctum’s LSTs is currently held by a 10-member multisig. All members are highly reputable actors in the space: Jito, Jupiter, Laine, Mango, MRGN, Solblaze, and Sanctum. Any changes to the LST program will have to be approved by a majority vote from this multisig.

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fully support this. It has sparked my interest in Sanctum as well

Bought 400 JupSOL, let’s see what the rewards are like :slight_smile:


No one can be told wat Wonderland is. You have to see it for yourself.

Those are team treasury funds.

All yields are auto staked and distributed across all JupSOL holders.

We’re thinking for at least 1 year. Will communicate in advance if that changes.

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Can you confirm that even the 100K Sol self-stake inflation-based reward is also being distributed?

I don’t know what rewards you mean, but currently block rewards are not being distributed (but I’m working on it).

nice example of utility + composability. Jupiter leading the way will set the tone for other LSTs. Bonk it!

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thanks for breaking it down, glad JUP has its own LST !


Is there a good resource on how exactly that works?

Very cool, excited to see this being used in Solana DeFi

When are staking rewards expected to be distributed?

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I just got one Jupitie.
It is cute :smiling_face_with_three_hearts:

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