🔥 vSOL
Unlock liquidity and earn rewards with The Vault's liquid-staked SOL token.
vSOL is the liquid-staked SOL token from The Vault, designed to make staking both efficient and rewarding.
The flow below shows how SOL becomes vSOL and earns staking rewards (Figure 2.1).
Figure 2.1: How vSOL works
How vSOL Grows in Value
When the stake pool launched, the vSOL:SOL exchange rate started at 1:1. Staking rewards normally increase the amount of SOL backing each vSOL. Returns are variable, and protocol losses can reduce that backing. A market swap can also price vSOL differently from the pool rate; see Risks.
For example (Figure 2.2):
- At launch, holding 100 vSOL is equivalent to 100 SOL.
- After one year, assuming an APY of 7%, that same 100 vSOL will be worth approximately 107 SOL from staking rewards alone.
Figure 2.2: What 100 vSOL is worth after one year
Your Staking Journey Starts Here
vSOL isn't just about staking. It's about unlocking the full potential of your SOL. Grow your stake, earn rewards, and participate in the governance of Solana's ecosystem, all with vSOL. To stake SOL for vSOL and choose its validator, see How to direct stake; to swap vSOL back to SOL, see How to unstake your LST.