Raiku, a reservation model for the renowned Solana block space, has announced the launch of $rkuSOL. $rkuSOL launches as Solana’s first liquid staking token. As Raiku revealed in its official press release, it is launching $rkuSOL in partnership with Exponent, Loopscale, Sanctum and Kamino. The new project will benefit validators with a unique revenue stream beyond conventional wagering revenues.
Raiku’s First Solana Liquid Staking Token ‘$rkuSOL’ Increases Validator Revenue with JIT and AOT Auctions
Raiku’s $rkuSOL goes live in partnership with Exponent, Loopscale, Sanctum and Kamino, allowing validators to generate additional revenue by selling blockspace. In this regard, the validators can sell blockspace through Raiku’s Just-in-Time (JIT) and Ahead-of-Time (AOT) auctions. The project is particularly emerging as a breakthrough innovation within the DeFi sector through the merger of auction-based blockspace revenue and staking rewards.
The initiative thus underlines Raiku’s crucial step towards institutional-level adoption of Solana’s advanced infrastructure. Specifically, six external validators have already expressed their commitment to the launch of the $rkuSOL mainnet. Consumers can use the token to deposit their money $SOL holdings with the validators integrated with Raiku. As a result, they can get the $rkuSOL token at the existing exchange rate. The token has no supply limit and acts as a receipt in exchange for what was deposited $SOL possessions.
Beginning of a new era for Solana Staking and expansion of institutional adoption
Apart from that, the exchange rate will adjust over time along with the accrual of returns. Both the core stake pool and the LST exchange contracts of $SOL will remain untouched, Solana primitives, which guarantee security through various audits. Additionally, $rkuSOL-supported validators will sell computing capacity through Raiku’s auctions. The income from the respective auctions will support the stakers proportionately, increasing returns compared to traditional staking.
According to Sanctum CEO FP Lee, holders of $rkuSOL “earn automatically compounded returns and have access to immediate liquidity through Sanctum.” Additionally, Loopscale CEO Luke Truitt claimed that “the validators behind rkuSOL earn additional revenue through blockspace sold on Raiku’s auctions, giving loopers the opportunity to speculate on demand above the initial stake percentage.”
In a similar vein, Kamino’s top contributor Mark Hull said that “rkuSOL is introducing additional validator revenue through Raiku’s blockspace auctions, bringing a unique LST to the ecosystem.” Furthermore, Exponent co-founder Thomas Lefort revealed that “this makes rkuSOL a strong asset to add to a DeFi portfolio, while holders can use Exponent to tailor their exposure depending on their goals.”