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What is Phantom Staked SOL (PSOL)?

Quick Facts

  • Token: Phantom Staked SOL (PSOL)
  • Blockchain: Solana
  • Type: Liquid Staking Token (LST)
  • Issuer: Phantom Wallet
  • Rewards: Staking, MEV tips, and priority fees
  • Non-custodial: Users retain full control of their tokens
  • Underlying program: Audited Solana stake pool program (nine audits)

Introduction

Phantom Staked SOL (PSOL) is a liquid staking token on the Solana blockchain. It is issued natively by Phantom Wallet — the most widely used non-custodial wallet on Solana — and allows users to earn staking rewards without giving up access to their funds.

Unlike traditional staking, which locks SOL in a stake account, PSOL keeps your position fully liquid and usable across DeFi.

History & Background

Phantom launched PSOL in May 2025, entering the competitive Solana liquid staking market alongside established tokens such as Jito, Marinade, and Jupiter's staked SOL offerings.

The launch came as liquid staking surged in popularity across proof-of-stake networks. By leveraging its position as Solana's most popular wallet, Phantom made liquid staking accessible to a broad user base directly within a familiar interface.

How Phantom Staked SOL Works

When a user deposits SOL into the Phantom stake pool, the protocol mints an equivalent amount of PSOL tokens. Those tokens represent the user's staked SOL plus any rewards that accumulate over time.

Rather than increasing the PSOL balance, rewards are reflected in the PSOL-to-SOL exchange rate — meaning each PSOL gradually becomes redeemable for more SOL. This design is often called a 'value-accruing' token model.

PSOL also captures MEV (Maximal Extractable Value) tips and priority fees, which can result in higher yields compared to standard native Solana delegation.

Tokenomics

PSOL is minted on demand whenever SOL is deposited into the Phantom stake pool, and burned when users unstake. The token's value is not fixed — it appreciates relative to SOL as staking rewards accumulate.

There are no inflationary emissions or governance incentives. The economic design is straightforward: deposit SOL, receive PSOL, and redeem later for principal plus rewards.

Circulating Supply ? 1.46 million PSOL
Total supply ? 1.46 million PSOL
Max supply ? -- PSOL
Updated 12h ago

Ecosystem & Use Cases

PSOL can be used in several ways beyond simply holding it:

  • Unstaking — redeem PSOL for SOL (plus accrued rewards) at any time via the Phantom Wallet UI.
  • DeFi integration — use PSOL as collateral or liquidity in protocols such as Kamino Finance for borrowing and yield strategies.
  • Trading — swap PSOL on Solana DEXes at any point without waiting for an unbonding period.

Team, Governance & Community

PSOL is developed and maintained by Phantom Labs, the team behind Phantom Wallet. Phantom has grown into the leading wallet on Solana, and the PSOL product is managed centrally by the team rather than through a decentralized governance structure.

The stake pool program underpinning PSOL is the audited Solana stake pool standard, which has undergone nine independent security audits.

Advantages

  • Liquidity — SOL remains usable across DeFi while still earning staking rewards.
  • Enhanced yield — MEV tips and priority fees are shared with stakers, often exceeding base native staking rates.
  • Seamless UX — stake and unstake directly within the Phantom Wallet app on mobile and browser.
  • Non-custodial — users retain control of their PSOL tokens at all times.
  • Battle-tested program — the underlying stake pool contract has been audited nine times.

Risks & Challenges

  • Smart contract risk — despite multiple audits, any stake pool program carries inherent code risk.
  • Centralization — validator selection and pool management are controlled by Phantom Labs, not a DAO.
  • Exit liquidity — if reserve liquidity is insufficient, instant unstaking may not be available and users may need to wait for standard unbonding.
  • Regulatory exposure — users in certain jurisdictions (such as the UK) may be restricted from accessing the staking feature.
  • Competition — PSOL enters a market with established liquid staking tokens that already have deep DeFi integrations.

Long-Term Vision

Phantom's goal with PSOL is to make liquid staking a default, friction-free experience for Solana holders. As DeFi protocols on Solana continue to deepen their support for LSTs, PSOL is positioned to grow as a core building block — a yield-bearing, liquid asset that can flow freely through the Solana ecosystem while simultaneously helping secure the network.

Frequently Asked Questions

PSOL is the Phantom Staked SOL liquid staking token issued by Phantom Wallet on the Solana blockchain. It represents staked SOL plus accrued rewards and can be used freely in DeFi.

You can get PSOL by depositing SOL into the Phantom stake pool directly from the Phantom Wallet app on mobile or the browser extension. The protocol mints PSOL to your wallet instantly.

PSOL earns rewards through Solana staking, MEV tips, and priority fees. Rather than increasing your PSOL balance, rewards accrue by making each PSOL redeemable for progressively more SOL over time.

Yes. PSOL can be traded on Solana DEXes, used as collateral in protocols like Kamino Finance, or swapped back to SOL at any time, giving holders full flexibility.

PSOL is built on the Solana stake pool program, which has undergone nine independent security audits. However, like all DeFi products, it carries inherent smart contract risk.

With native staking, SOL is locked in a stake account and cannot be used or traded. PSOL keeps the staked position liquid, meaning you can trade or use it in DeFi while still earning rewards.

Generally yes. Phantom's liquid staking pool shares MEV tips and priority fees with stakers, which can result in higher yields than standard native Solana delegation.

The PSOL stake pool is managed by Phantom Labs, the team behind Phantom Wallet. There is currently no decentralized governance — validator selection and pool operations are handled by the Phantom team.