Yesterday, Lido for Solana went live on Solana mainnet. In about 24 hours since launch, around $7m worth of SOL have already been staked with Lido by over 400 accounts.
Now that these stakers have unlocked all this liquidity, the biggest need of the hour is to enable them to utilize it in DeFi protocols.
We understand that and we’re thrilled to announce that we are live on two AMMs — Saber and Raydium.
Raydium, an automated market maker (AMM) built on the Solana blockchain which leverages the central order book of the Serum decentralized exchange (DEX), have launched a first stablecoin pool with stSOL
In the near future, another stSOL liquidity pool with an ETH pair will be launched on Raydium.
Raydium’s AMM aggregates Serum’s central limit order book, meaning that pools have access to all order flow and liquidity on Serum. For stSOL the following two markets exist on Serum:
In addition to these integrations, we are working with Mercurial Finance to go live with a stSOL/SOL pool that will use our internal price oracle to create a maximally efficient liquidity pool.
Keep a lookout for this and further upcoming integrations at https://chorus.one/products/liquid-staking