Recently, the Solana Foundation has taken major steps to reallocate its Solana holdings, signaling a strong endorsement of the emerging liquid staking ecosystem. In a series of large transactions, the Foundation withdrew 400,000 wrapped SOL (wSOL)—worth approximately $58.38 million—and swapped it for 385,143.96 jagSOL, the liquid staking token issued by JagPool, a Latin American-focused staking protocol on the Solana network. Instead of keeping its SOL assets idle in wrapped form, the Foundation is now moving to hold liquid staking tokens (LSTs), which in our view not only gives it way more yield-generating capacity but signals to the market that LSTs
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