LibraryCredit and stable value2023Design paperCorpus record
Sanctum: a liquidity layer for Solana stake tokens
Sanctum. Sanctum.
Sanctum publishes a liquidity layer so stake-pool tokens can be swapped or used without each waiting out Solana deactivation on its own.
A reading of the project's public design document. Not a copy, not a benchmark, and not an offer.
Sanctum publishes a liquidity layer so stake-pool tokens can be swapped or used without each waiting out Solana deactivation on its own.
- Evidence
- Primary paper
- Re-measured
- No
- Assumptions
- 3
- Records linked
- 3
01 Claim ledger
What the paper is allowed to say
Each row is a sentence already in the study. The status is the same on every row: a model claim, not a live measurement.
Claim 01 · Paper model
The defect
A router for stake tokens does not make them SOL. It makes an exit path that depends on the router's inventory.
Claim 02 · Paper model
The proposal
Sanctum publishes a liquidity layer so stake-pool tokens can be swapped or used without each waiting out Solana deactivation on its own.
Claim 03 · Paper model
The mechanism
An infinity pool or the docs' equivalent holds SOL against a basket of stake tokens. The basket is the inventory risk.
Claim 04 · Paper model
The bound
No premium and no inventory figure is stated here.
02 Three cuts
Observation, model, falsifier
A desk does not stop at the summary. Each claim is cut three ways, using only this study's own assumptions and checks. Nothing here is a new figure.
01 The defect
Observation
What the study says
A router for stake tokens does not make them SOL. It makes an exit path that depends on the router's inventory.
Model
What has to hold
You are reading Sanctum's docs. Each listed stake pool has its own design.
Falsifier
What would retire it
What happens if the inventory is all stake tokens and no SOL?
02 The proposal
Observation
What the study says
Sanctum publishes a liquidity layer so stake-pool tokens can be swapped or used without each waiting out Solana deactivation on its own.
Model
What has to hold
You are reading Sanctum's docs. Each listed stake pool has its own design.
Falsifier
What would retire it
What happens if the inventory is all stake tokens and no SOL?
03 The mechanism
Observation
What the study says
An infinity pool or the docs' equivalent holds SOL against a basket of stake tokens. The basket is the inventory risk.
Model
What has to hold
You are reading Sanctum's docs. Each listed stake pool has its own design.
Falsifier
What would retire it
What happens if the inventory is all stake tokens and no SOL?
04 The bound
Observation
What the study says
No premium and no inventory figure is stated here.
Model
What has to hold
No price, supply, yield, or adoption figure is added by this desk.
Falsifier
What would retire it
What inventory stands behind an instant exit?
03 Sequence
One action, as an operating tape
- 01An infinity pool or the docs' equivalent holds SOL against a basket of stake tokens. The basket is the inventory risk.
- 02A swap out of a stake token is someone else taking the deactivation delay. The price of that convenience is the design.
- 03The underlying stake pools remain separate protocols with separate validator risk.
04 Load-bearing
The argument, and where a pitch drops it
What the name has to mean
The cut
Sanctum publishes a liquidity layer so stake-pool tokens can be swapped or used without each waiting out Solana deactivation on its own.
Why it carries weight
If this cut is skipped, the paper's name is being used without the mechanism that makes the name mean anything.
Where it is dropped
This does not remove Solana's deactivation rule for a token that is unstaked the slow way.
What actually moves
The cut
A swap out of a stake token is someone else taking the deactivation delay. The price of that convenience is the design.
Why it carries weight
If this cut is skipped, the paper's name is being used without the mechanism that makes the name mean anything.
Where it is dropped
This does not remove Solana's deactivation rule for a token that is unstaked the slow way.
What a later deployment may change
The cut
The underlying stake pools remain separate protocols with separate validator risk.
Why it carries weight
If this cut is skipped, the paper's name is being used without the mechanism that makes the name mean anything.
Where it is dropped
This is not Marinade. Marinade is one stake pool. This is a layer across them.
05 Register
What has to be true
Stake and threshold · Not re-measured
You are reading Sanctum's docs. Each listed stake pool has its own design.
Model · Not re-measured
The document is the one at the source URL. A marketing page with the same brand is not this text.
Model · Not re-measured
No price, supply, yield, or adoption figure is added by this desk.
06 Divergence
What happened after the paper
This is not Marinade. Marinade is one stake pool. This is a layer across them.
A later client, parameter set, or reward formula is a different object. Cite this paper for the mechanism. Cite a primary release for the network. This desk has not re-run the proof.
07 Pre-mortem
What to check before you use the idea
- 0 of 3 marked on this browser. A mark is a reading note, not a pass, a rating, or a recommendation.
08 Anatomy
The paper, in the order a builder needs
The problem it names
A router for stake tokens does not make them SOL. It makes an exit path that depends on the router's inventory.
What the design proposes
- An infinity pool or the docs' equivalent holds SOL against a basket of stake tokens. The basket is the inventory risk.
- A swap out of a stake token is someone else taking the deactivation delay. The price of that convenience is the design.
- The underlying stake pools remain separate protocols with separate validator risk.
How the mechanism is specified
- An infinity pool or the docs' equivalent holds SOL against a basket of stake tokens. The basket is the inventory risk.
- A swap out of a stake token is someone else taking the deactivation delay. The price of that convenience is the design.
- The underlying stake pools remain separate protocols with separate validator risk.
What this page does not treat as proven
Why the desk still reads it
Sanctum publishes a liquidity layer so stake-pool tokens can be swapped or used without each waiting out Solana deactivation on its own.
09 Lexicon
Terms, opened into the record
- Stake-pool token
- A claim on a delegated SOL pool. Not SOL.
- Instant exit
- A swap against inventory, rather than a protocol deactivation.
10 Repository
Every linked record on this page
Underlined words open a page that already exists: a concept, a protocol profile, a failure record, or another paper. If a word is not underlined, this desk does not have a record for it.
This is Blockchain Lab's reading of a public design paper. It is not the paper, not a copy of it, and not an offer of tokens, equity, custody or a partnership. Later network behaviour can diverge from the text. Nothing here is investment, legal or technical advice.
Research status: Design paper. Last reviewed: 1 October 2026. This is a reading of a public paper, not investment, legal or security advice.