SOL Strategies Launches STKESOL Liquid Staking Token

STKESOL is now live as SOL Strategies expands its role on the Solana network, launching a liquid staking token backed by more than 500,000 SOL. This gives users staking rewards while keeping their assets liquid across major DeFi platforms.

STKESOL Adds A New Revenue Arm For SOL Strategies

STKESOL marks a major step for SOL Strategies as it moves beyond holding SOL and running validators. The Toronto-based firm said the token allows users to stake SOL and still use their funds across decentralized finance applications. 

At launch, more than 500,000 SOL was staked into the pool, making it one of the larger liquid staking entries on Solana.

The token is already available on key Solana DeFi platforms such as Orca, Squads, Kamino, and Loopscale. The company plans to widen access by adding more platforms over time. Users receive STKESOL in return for deposited SOL, which continues to earn staking rewards while remaining tradable or usable in DeFi.

SOL Strategies earns income through deposit fees and by taking a share of the staking rewards generated. This adds a steady revenue stream alongside its validator operations and long-term SOL holdings.

Automated Validator Strategy Behind STKESOL

STKESOL uses an automated delegation system that spreads deposited SOL across dozens of validators instead of relying on a single operator. Validator selection is based on the Wiz Score from Stakewiz.com, which measures performance, uptime, and overall network contribution.

Notably, this approach is designed to lower concentration risk and support decentralization on the Solana network. By distributing stake across many validators, the platform avoids overloading any single node while improving network resilience.

The company said this structure sets STKESOL apart from single-validator liquid staking products, which can expose users to higher operational risks.

SOL Holdings And Solana Focus Remain Central

Formerly known as Cypherpunk Holdings, SOL Strategies began building its SOL position in the second quarter of 2024 and rebranded later that year to reflect its Solana-only strategy. The firm currently holds 523,497 SOL, valued at about $67 million.

STKESOL fits into this broader plan by turning idle holdings and technical expertise into a scalable product. Company leadership said the token reflects its focus on building practical tools that serve both users and the wider Solana ecosystem, while strengthening its own business model.

Meanwhile, more than 100,000 users and developers in the Solana Mobile ecosystem will receive close to 2 billion Seeker tokens next week in the first SKR airdrop. The Jan. 21 distribution is linked to ownership and active use of the Seeker phone.