Saber Launches The First Socean Stable Pool
Saber blissfully announced its partnership with Socean to create the first SOCN/SOL stable pool, making staking on Solana liquid and accessible to all.
Socean is a stake pool for the Solana blockchain. Socean lets you deposit SOL for SOCN tokens, which starts earning staking rewards right away. Your SOCN tokens can always be redeemed for staked SOL, as well as to lend/borrow/farm yield for extra APY. In this way, you unlock the full potential of your SOL.
How to earn SBR by providing SOCN/SOL liquidity:
- Stake your SOL on Socean to get SOCN, receiving staking rewards;
- Provide liquidity for SCN/SOL on Saber, receiving Liquidity Provider rewards;
- Stake your LP tokens on Saber, receiving SBR liquidity mining rewards
Staking is vital
Staking is the lifeblood of Proof-of-Stake blockchains like Solana. Democratizing access to staking is vital to ensuring the proper security, consensus, and decentralization of Solana itself.
Saber ensures liquid staking derivatives like SOCN are actually liquid
A liquid market for staking derivatives like SOCN is fundamental to their strength. Without a liquid market, liquid staking derivatives can experience high slippage and even risk de-pegging from the underlying asset. Saber’s stable swap AMM design ensures low slippage, deep liquidity, and a rich trading experience.
About Saber
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
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