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Documentation Index

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Liquid staking gives you the same validator-backed yield as native staking, but the position is wrapped in a token you can move, swap, lend, or use as collateral. When you stake SOL through Hubra Liquid, you receive raSOL, Hubra’s liquid staking token. Your raSOL balance stays fixed; the value of each raSOL grows as the underlying stake earns rewards.
Best when you want validator-backed SOL exposure but also need liquidity or composability across Solana DeFi.

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How raSOL works

raSOL is a value-accruing receipt token. The supply is fixed at the moment of mint; appreciation lives in the redemption rate, not the balance.

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The exchange-rate model

When you stake, you receive raSOL at the current rate. Over time, as the underlying SOL earns staking rewards, the raSOL → SOL redemption rate climbs. 
raSOL_balance × current_rate = your_underlying_SOL
You hold the same raSOL count, but each raSOL is worth more SOL over time. There is nothing to claim and nothing to compound manually.

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Mechanics

  • raSOL is minted via Sanctum, the unified LST infrastructure on Solana.
  • The underlying SOL is staked to the Hubra validator (vote identity 7K8DVxtNJGnMtUY1CQJT5jcs8sFGSZTDiG7kowvFpECh).
  • Validator rewards flow into the raSOL exchange rate at every epoch boundary.
raSOL mint address: HUBsveNpjo5pWqNkH57QzxjQASdTVXcSK7bVKTSZtcSX. Verify on Solscan.

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Why liquid

Native staking locks the position; liquid staking does not. With raSOL you can:
  • Swap or sell at any time on any Solana DEX (Jupiter, Orca, Meteora, Raydium, Titan).
  • Use as collateral on Kamino, Save, Loopscale.
  • Provide liquidity in raSOL pairs.
  • Move it between wallets and accounts as a normal SPL token.
You keep validator-backed exposure even while raSOL is sitting in a lending market or LP.
raSOL is a Sanctum preferred-partner LST. That means deeper pooled liquidity for swaps, instant unstake routes, and LST-to-LST conversions.

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Comparing native and liquid

NativeLiquid (raSOL)
CustodyWalletWallet (raSOL is in the wallet)
Smart-contract exposureNoneSanctum
TransferableNoYes (SPL token)
Use in DeFiNoYes
Activation delay~2 to 3 daysInstant (you receive raSOL on stake)
Slow exit~2 to 3 days, no fee~2 to 3 days, no Hubra fee
Fast exitSanctum depositStake, price impactSanctum swap, price impact
Both routes back the same validator. The choice is about whether you need composability.

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Where the yield comes from

raSOL’s APY is entirely Solana validator rewards. There is no second yield layer, no DeFi farming, no automated strategy. 
raSOL_yield = validator_staking_rewards − pool_overhead
The number you see in the app is what the underlying stake account earns, surfaced as a redemption-rate climb. Live APY: GET /api/v1/strategies/sol-liquid-stake.

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Exiting

Three paths:

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Instant (one transaction)

raSOL → SOL via Sanctum’s pooled LST liquidity. Settles in a block. Pays price impact only; Hubra charges no protocol fee.

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Slow (epoch-bounded, no fee)

Sanctum’s withdrawStake converts your raSOL into a native stake account. Then standard StakeProgram.deactivate runs the epoch cooldown. About 2 to 3 days total, no fee.

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Sell on a DEX

raSOL is a standard SPL token. Swap it for SOL or any other token on any DEX you prefer. Treat it like any LST. See Instant unstake for the full breakdown of the fast path.

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Risks

Liquid staking adds a layer of complexity over native. Know the trade-offs:
  • Smart-contract risk. raSOL is minted via Sanctum infrastructure. Sanctum is one of Solana’s most heavily used LST routers, but any contract can have bugs.
  • Validator risk. raSOL backs SOL staked to the Hubra validator. Validator downtime or underperformance lowers rewards. Hubra has a public uptime record since 2020.
  • Temporary depeg. In stressed markets, raSOL might trade below its fair SOL value on DEXs. This is normally short-lived. Instant unstake redeems at the true exchange rate even when the secondary market wobbles.
  • Liquidity risk for instant unstake. Pool depth determines price impact. Very large unstakes (1000+ SOL) may incur material slippage. Quote first via POST /api/v1/quote.

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Common questions

raSOL is non-rebasing. Your balance stays fixed, the redemption rate climbs. Multiply your balance by the current rate to see the SOL value.
No. Stake any amount of SOL.
No. Hubra covers all network fees on the staking and unstaking flows.
Yes. raSOL is a standard SPL token. Use it on Kamino, Save, Loopscale, Jupiter, or any DEX.
raSOL lives in your wallet. You own it regardless of whether Hubra is online. Swap on DEXs or use Sanctum directly to unstake.
Same primitive (Solana liquid staking token), different validator backing. raSOL stakes to Hubra’s validator; JitoSOL and mSOL stake to a delegation strategy across many validators. raSOL also runs entirely on Sanctum’s preferred-partner liquidity layer.

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Get started

Mint raSOL

Open the app, connect a wallet, choose Liquid.
For programmatic flows, see POST /api/v1/stake with strategy: "sol-liquid-stake". For raSOL technical reference, see raSOL token.