PenguSOL Offers 6.2% Yield and Full Flexibility

Solana (SOL) has a new fast-growing DeFi ecosystem, with Pudgy Penguins (PENGU) launching a new liquid staking token, penguSOL. The NFT brand has collaborated with the Sanctum protocol to come up with a product that will combine staking rewards and liquidity. With the LST, users can now stake their SOL and earn passively without losing complete access to their funds. This move is an indication that PENGU will shift from being a meme and NFT project to a utility-driven blockchain.

Most importantly, the LST allows users to delegate their SOL to Pudgy validator nodes and receive a yield of approximately 6.2% per annum. More so, the token is fully flexible with no lock-up periods, and can be staked and withdrawn at any time. This strategy renders penguSOL attractive to yield seekers and active DeFi users who value liquidity. The token is already live on two of the largest Solana DeFi and staking activity hubs, Jupiter and Sanctum.

Furthermore, penguSOL is powered by Sanctum using its white-label LST infrastructure , which gives partners a ready-made validator logic, redemption mechanics, and DeFi compatibility. This makes the token work as an operational liquid staking token, rather than a meme asset.

SOURCE: X

Additionally, the partnership will combine NFT culture and decentralized finance to create a practical use in community-driven initiatives. It also points to a trend on Solana, where LSTs are developing into the most important liquidity instruments for individuals and institutions.

Solana’s LST Surges Amid penguSOl Entry

SOL's liquid staking sector continues to expand rapidly as the network now holds over $14 billion in total value locked (TVL), according to DeFiLlama. Of that, Sanctum manages about $2.4 billion, reinforcing its dominance in the staking-as-a-service market. Pudgy Penguins’ entry adds brand strength and new liquidity to Sanctum’s growing LST lineup.

Moreover, the entry of penguSOL has the potential to bring a new category of investors who are interested in the NFT popularity of Pudgy Penguins and staking opportunities with the altcoin. Through yield, liquidity, and a trusted brand, the LST consolidates Solana in the wider DeFi ecosystem.

Meanwhile, PENGU, the meme token of Pudgy Penguins, continues to be one of the best Solana assets, trading at around $0.03, and holding steady in a reduced activity meme market. Approximately 15% of PENGU trading is from South Korea, with the project still within 25% of the previous high, which shows that investors are confident in it. As penguSOL is currently alive, Pudgy Penguins represents the connection between NFTs, DeFi, and yield generation, creating a more utility-driven future on SOL.