How to Participate in Sanctum Wonderland and Potentially Qualify for Sanctum Airdrop

You will need a Solana wallet like Phantom to get started. After which, you can deposit SOL in exchange for INF, which grants you an Infinitie Pet. You can also deposit other LSTs to acquire other Pets. 

Key Takeaways

• Sanctum is a liquid staking protocol built on the Solana blockchain that offers yield-generating opportunities for staked SOL and Liquid Staking Tokens (LSTs) through its flagship product, the Infinity Pool. 

• The protocol has successfully raised a total of $6.1 million across two funding rounds that included investors such as Dragonfly Capital, Solana Ventures, and DeFiance Capital.

• Users can now participate in the Sanctum Wonderland campaign and earn experience points (EXP) by completing community quests and acquiring LSTs.

Sanctum is a protocol that facilitates liquid staking on the Solana blockchain through a unified liquidity layer. The protocol is working to make LSTs easily accessible to everyone with the mission to make all SOL staked and all staked SOL liquid. Users can earn yield on Solana by staking SOL natively or with Liquid Staking Tokens (LSTs) through Sanctum’s flagship product, the Infinity Pool.

The Sanctum Infinity Pool is a multi-LST liquidity pool where users can deposit liquidity with whitelisted LSTs or SOL. After depositing, users receive INF as a receipt token to represent the corresponding share of the total pool. Due to the yield-bearing nature of LSTs, INF will also generate yield for users, allowing the opportunity for passive income. The Annual Percentage Yield (APY) is calculated as the weighted average of the staking yields of all the LSTs in the pool in addition to trading fees earned from the Infinity Pool.

Sanctum has raised a total of $6.1 million through two funding rounds. The initial seed round was held in December 2021 and raised $5.75 million. It included investors such as Dragonfly Capital, Sequoia Capital, Solana Ventures, and Genblock Capital. In April 2024, Sanctum announced the completion of a $0.35 million extended seed round led by Dragonfly Capital and supported by Solana Ventures, DeFiance Capital, Jump Capital, and more.

In a Sanctum tokenomics first draft proposal published by a member of the Sanctum team, it outlines that 40% of the total supply of Sanctum’s future token will be community-governed, with part of this allocation being used in an initial airdrop. While this is not the final tokenomics, it is an indicator that there will be a future Sanctum token airdrop to community members. 

Currently, the protocol is running the Sanctum Wonderland campaign which is an initiative that encourages users to interact with the Sanctum app. Participants can familiarize themselves with the platform while earning experience points (EXP) by acquiring LSTs and completing community quests. 

However, do note that no specific details on a token airdrop or the required steps to participate have been announced by the Sanctum team. Therefore, proceeding with the steps below to join the Sanctum Wonderland campaign does not guarantee an airdrop allocation. 

Step 1: Enroll in Wonderland

Head over to https://app.sanctum.so/wonderland and connect your Solana wallet. In this guide, we will be using a Phantom wallet.

Once you have signed the message in your wallet and connected it to Sanctum, you can enter a referral code in the pop up box. 

Do note that this is the only time you can do so. Once you have joined Sanctum Wonderland, you will not be able to enter any referral codes. Then click Join now.

You will be asked if you are using Ledger. If you are, there will be additional steps to follow. However, in this guide we are not using Ledger so click No to proceed.

You will then be greeted by a welcome message which also briefly outlines the key points of Sanctum Wonderland. Proceed to Continue to the next message.

Here, you will receive your unique referral URL to share with others. Unless you are immediately sharing it with others, there is no urgency in noting this down as it will also be available in your profile.

Let’s go to the beginning.

Step 2: Own A Pet

Each liquid staking token (LST) has its own corresponding pet which you can own by holding at least 0.1 of its corresponding LST. For example, holding 0.1 bonkSOL will make you the owner of a Bonksie Pet. You can own each Pet by holding 0.1 of all corresponding LSTs.

Pets will earn 10 EXP per minute for every 1 SOL worth of the respective LST that you hold. For example, holding 2 SOL worth of clockSOL will earn you 20 EXP per minute. 

As you continue to earn EXP, your Pets will level up but the amount of EXP needed to do so will increase with each level. Your Pet’s level is an indicator of how much SOL and how long you deposit it for. Pets can reach a maximum level of 999.

To own a Pet, go to the Infinity Pool in the menu.

Here, you can deposit SOL in exchange for INF. Doing so will make you the owner of an Infinitie Pet.

If you want to hold other LSTs, you can click on the corresponding Pet to see more information about it. Here you can also choose to Buy the LST and be redirected to the trade page.

Another method is to access the Trade function in the left menu. On this page you can browse and choose the LST you want to purchase.

Step 3: Participate in Community Quests

At the bottom of the Wonderland page, you will find the Community Quests for you to complete with other wonderers. These quests grant multipliers to specific Pets and are usually distributed on Fridays. They are also temporary and last only for their specified duration. 

For example, Quest 5 is released on Monday with a reward of 2X multiplier for Infinitie for 30 minutes. The community successfully completes the quest by Wednesday and the multiplier is distributed on Friday to those who own the Infinitie Pet. If you join Sanctum Wonderland on Saturday and complete the quest, you will not receive the multiplier.

Community quests are released weekly in batches of two or three.

You will need to complete all Community Quests in order to access the next one. Use the navigation bar at the bottom of the quest card to give the answers.

Below are the answers for the released quests at the time of writing.

Quest 2: EVENSTAR CATHEDRAL

Quest 3: GLOAMTIDE

Quest 4: THE EARNEST SHALL BUILD OUR NEW WORLD

Quest 5: A SYZYGY OVER THE HEART OF VOH

To find answers for new quests, we recommend joining the Sanctum Discord or looking through the Sanctum Twitter profile to see what the community is discovering and discussing. 

Step 4: Refer A Friend

Referring others will allow you to earn 5% of their EXP throughout Season 1. For every 20,000 EXP earned, you will receive a Referral Cupcake.

Head over to Your Stats in the top right corner to find your unique referral code. 

Here you can also see how much referral EXPs you have earned. 

Entering referral codes when joining also gives you the chance to win a bonus reward at the end of Season 1. 

Sidenotes

Each quest will reward multipliers to various specific Pets. A method to maximize your rewards will be to swap your LSTs based on the rewards for that quest. For example, if you own bonkSOL but the multiplier for that week is for clockSOL, you can Trade your bonkSOL for clockSOL before the reward is distributed to enjoy the multiplier. However, do take into account slippage that occurs when trading between LSTs. Alternatively, you can consider initially deploying your native SOL to various LSTs so you can own as many Pets as possible.

Conclusion

Sanctum is a protocol built on the Solana blockchain that offers users the opportunity to earn yield on staked SOL and LSTs. Users can deposit their assets into the Sanctum Infinity Pool in exchange for INF, a representation of their share of the total pool. The Sanctum Wonderland campaign aims to reward participants who complete community quests and acquire LSTs.