September 12, 2025

Sanctum Founder: Solana's Liquid Staking Future | FP Lee

58 minutes

Gm! This week FP Lee joins the show to discuss the next chapter of Sanctum. We deep dive into the future of liquid staking on Solana, LST market share, how does Sanctum generate revenue, the impact of DATs in DeFi & more. Enjoy!

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Katana is a DeFi-first chain built for deep liquidity and real yield, by redirecting chain revenue back to active DeFi users.

The 1 billion KAT campaign is live. Bridge and deposit directly into vaults in one simple click and start earning immediately on your ETH, BTC, USDC, and more. Go to app.katana.network to check it out.

Is your treasury losing value to inflation? Learn how to make digital assets like ETH and SOL productive with uncorrelated, protocol-driven staking rewards. A new report from Liquid Collective and EigenCloud outlines a practical guide for CFOs to integrate institutional-grade staking and restaking.

Read The Productive Treasury Report: https://liquidcollective.io/corporate-treasury-staking/

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(00:00) Introduction

(03:32) The Sanctum Business Model

(07:22) LST Market Dominance

(11:23) Katana Ad

(12:16) Eigenlayer Ad

(13:15) Sanctum: The Clearing House For Staked SOL

(16:29) Sanctum’s Thesis On LSTs

(19:49) Execution Risk

(23:32) The Future Of Liquid Staking On Solana

(29:32) The Role Of Jito

(33:02) Katana Ad

(33:54) Eigenlayer Ad

(34:55) A New Era For Sanctum

(38:35) How Does Sanctum Generate Revenue?

(41:27) Are DATs A New Catalyst For DeFi?

(44:35) Futarchy

(50:45) Crypto’s Token Incentives

(53:47) Final Thoughts

Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation.

Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Jack, and our guests may hold positions in the companies, funds, or projects discussed.

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