Sanctum - The Stability Protocol of Solana
Introduction to Sanctum
Sanctum is the next generation stability protocol for Solana DeFi.
Sanctum acts as a buffer, or a backstop, that enhances liquidity depth across the chain, and helps reduce turbulence when volatility hits.
How does Sanctum provide stability?
Sanctum stabilises Solana through two functions.
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Sanctum unlocks staked SOL to use throughout DeFi by providing a backstop of SOL liquidity.
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Sanctum makes sure DeFi borrow-lend protocols remain solvent by providing a safe haven of SOL to flash loan and close LST-collateralised positions.
By doing so, Sanctum unlocks new opportunities for staked SOL, and ensures the smooth functioning of DeFi.
Sanctum Unstake Program
The Sanctum Unstake Program controls the Sanctum SOL Reserve Pool, which instantly provides liquid SOL to the users that unstake their SOL.
Sanctum Router Program
The Sanctum Router Program is the central program. It composes and cross-invokes various programs and accounts like Sanctum Unstake and various stake pools on Solana to provide an interface for users to swap LSTs without dealing with the stake accounts in-between.
Exploring Sanctum Transactions
Users typically interact with Sanctum via the following actions:
- Instant Unstake
- Swapping Stake
- Instant Stake