This innovative card will enable users to spend their staking rewards directly, converting cardSOL yields to USDC.
Spend Staking Rewards Instantly with LST-Powered Debit Card
Liquid Staking Tokens represent a significant advancement in the DeFi space. Unlike traditional staking, liquid staking keeps assets liquid while earning rewards. The new debit card integrates LST technology for seamless staking reward access in everyday transactions. The LST-powered debit card introduced by Sanctum and BasedApp brings several key benefits to users:
- It simplifies the process of utilizing staking rewards. Users can now spend staking rewards directly, skipping complex conversion processes.
- The card converts cardSOL yields into USDC, providing a familiar and stable medium of exchange.
- Users can enjoy real-time access to their staking rewards, enhancing the practicality and appeal of participating in staking activities.
- The elimination of the offramping process reduces transaction fees and time delays, making the overall experience more user-friendly and efficient.
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By providing a straightforward and accessible way to spend staking rewards, Sanctum and BasedApp are driving the integration of DeFi solutions into the traditional financial system.
More About Sanctum
Sanctum recently announced a significant partnership by naming Bybit as an official listing partner for $CLOUD. This collaboration marks a strategic move for Sanctum, leveraging Bybit’s robust platform to enhance the liquidity and accessibility of their token.
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Bybit’s reputation as a leading cryptocurrency exchange adds credibility to $CLOUD’s market presence, providing users with a reliable venue to trade and acquire the token.
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