TruSOL Token

What is TruSOL?

TruSOL is the liquid staking receipt users receive when they deposit SOL into the TruStake vault. It is a fungible SPL Token and has all the same basic functionality, such as: mint, burn, etc.

As soon as you deposit SOL on the TruStake smart contract, you receive newly minted TruSOL, based on the exchange rate at the time of staking.

Similarly, when you request to withdraw from the stake pool, the corresponding amount of TruSOL is burned simultaneously.

What is the TruSOL exchange rate and how does it change?

At launch, the TruSOL / SOL exchange rate is set to 1, i.e. the amount of SOL per TruSOL is 1. As rewards accrue from staking, the exchange rate increases to reflect this.

For example, if you deposit 1000 SOL with the exchange rate at 1.0, you will receive 1000 TruSOL in return. If you accrue 10 SOL of rewards, the exchange rate will change to 1.01 to reflect that your 1000 TruSOL is now redeemable for 1010 SOL.

The share price is calculated net of all validator and vault fees.

Do I have to claim my TruSOL when I deposit?

No. TruSOL will automatically be sent to your wallet when you deposit SOL in the TruStake vault.

You might need to import the token to see your TruSOL balance in your wallet.

Where can I use TruSOL?

We have worked on an extensive list of partnerships which will support TruSOL on Solana. The spectrum of partners will include DEXs, yield farming, lending/borrowing and more. The following list of partners are live or will go live over the coming week(s):

• TruSOL Liquidity Pools on Sanctum

• Raydium (DEX)

• Kamino (Lending + Borrowing)

• Many more to come!