Phantom Wallet Jumps into Solana's Liquid Staking Frenzy with PSOL!

Solana's heavyweight, Phantom Wallet, just threw its hat into the liquid staking ring with the launch of its own PSOL token. Brace yourselves, folks!

The Solana (SOL) liquid staking scene is heating up, and on Tuesday, May 14, Phantom didn't just join the party—it stormed in! They've unleashed PSOL, letting users stake their SOL and keep it liquid for DeFi action.

We’re launching our own LST: Phantom Staked SOL (PSOL) 👻

Why liquid stake with Phantom?

Simple:
🏆 Earn SOL rewards
🏋️‍♂️ Maintain liquidity
💜 Support the @solana network pic.twitter.com/vejAarVXmd

Get ready for this: PSOL is rolling out straight from Phantom Wallet, the king of Solana wallets. They're making it super easy for newbies to dive in with a slick, user-friendly staking interface. Just hit "Start earning SOL" on the Solana token page in the app, and you're in!

But hold up—folks in places like the UK won't be able to join the fun, thanks to those pesky regulations that put a kibosh on staking.

Solana's Liquid Staking Ecosystem Explodes!

Phantom's not just playing around; they're all in to boost the Solana ecosystem, which is blowing up with liquid staking like never before.

The total market cap for staked SOL hit a whopping $7 billion in May. Big players like Jito, Binance, Marinade, and Jupiter are dominating, but even they've seen a dip from the peak of $10 billion back in late January 2025.

Solana's pushing liquid staking as the ultimate way to keep your cash flowing while raking in yields and beefing up the network's security. With liquid staking, you lock up your SOL and get back an equal amount in liquid staked SOL, like PSOL.

Then, you can take those liquid tokens and run wild across DeFi to score even more rewards. But watch out—pumping out more liquid staked SOL could flood the market and drag down SOL's price.