SOL Strategies has officially launched STKESOL, its native liquid staking token (LST) designed to enhance liquidity and yield opportunities for SOL holders. The announcement, made earlier today, highlights STKESOL's integration with Kamino Finance, positioning it as a key player in decentralized finance (DeFi) on Solana.

STKESOL enables users to stake SOL while maintaining full liquidity, allowing them to earn diversified staking rewards without locking up their assets. According to SOL Strategies' post on X (formerly Twitter), the token has already achieved an impressive total value locked (TVL) of 545,000 SOL, equivalent to approximately $70 million at current market rates. Users can further amplify their yields by providing liquidity or borrowing against their STKESOL holdings.

The launch comes with immediate ecosystem support. Kamino Finance, a prominent DeFi protocol on Solana, has onboarded STKESOL to its Main Market. This integration provides full compatibility across Kamino's Lend and Multiply features, enabling seamless borrowing, lending, and leveraged yield farming. To kickstart adoption, Kamino is distributing around $38,000 in incentives over the next month, aimed at liquidity providers and users engaging with STKESOL on the platform.