Phantom Wallet, a leading non-custodial crypto wallet primarily known for its robust support of the Solana blockchain, has announced the launch of its own liquid staking token, Phantom Staked SOL (PSOL).
This new token aims to enhance the staking experience for Solana (SOL) holders by allowing them to earn rewards while maintaining the liquidity of their assets. The announcement was made on Wednesday through a post on X.
The announcement from the Phantom team
“We’re launching our own LST: Phantom Staked SOL (PSOL),” the company declared, noting the simplicity and potential benefits for users. According to Phantom, the core advantages of liquid staking with PSOL include the ability to “Earn SOL rewards,” ” Maintain liquidity,” and ” Support the Solana Network.”
Phantom emphasized the importance of user vigilance against potential scams, advising users to “Always double check and verify you’re interacting with the real Phantom Staked SOL.” The official token page for PSOL is provided to ensure users can confidently engage with the legitimate asset.
Their move into liquid staking aligns with the increasing popularity of this mechanism within the blockchain space, particularly on the Solana network.
“Phantom has always championed the Solana ecosystem. PSOL is our next chapter. Simple. Powerful. Built for you,” the company stated, underscoring its dedication to the Solana community.
According to Phantom, SOL stakers using PSOL will enhance decentralization while securing the network. Furthermore, the platform has indicated that staked assets will be delegated to renowned validators, which is expected to further bolster Solana’s infrastructure.
The Solana liquid staking ecosystem has witnessed significant growth, with the total market capitalization for staked SOL tokens reaching $7 billion in May 2025. While this figure represents a slight decline from its peak in January, the introduction of PSOL by Phantom, a dominant wallet in the Solana space, could inject fresh momentum into this sector.
Major Solana liquid staking market players include Jito, Binance, Marinade, and Jupiter. Solana proponents view liquid staking as a crucial tool for users to maintain liquidity while earning yield and helping secure the network.
As a non-custodial wallet, Phantom prioritizes user security and control, emphasizing that “You have complete control over your private keys and funds. Phantom Wallet does not store or have access to this sensitive information.”
Phantom restricts access to UK users
Features include easily storing, sending, and receiving cryptocurrencies and viewing real-time token balances and transaction history.
Additionally, the organisation provides a dedicated interface for managing Non-Fungible Tokens (NFTs) on supported networks and facilitates direct token swaps within the wallet. The wallet also enables seamless interaction with decentralized applications (dApps) across supported blockchains.
Despite this potential consideration, the Solana DeFi space’s maturity and the Phantom developers’ backing position PSOL as an attractive option for SOL holders seeking to maximize their earnings without sacrificing liquidity.
As the Solana ecosystem continues to evolve, innovative solutions like PSOL will likely play a crucial role in shaping its future growth and adoption.
Due to regulatory restrictions, “This post is not intended for UK audiences,” indicating that the availability of PSOL may vary by jurisdiction.