After Deployment

Increasing your APY

With native staking, you directly delegate your SOL to a chosen validator, and staking rewards automatically compound into your stake account approximately every 50 hours.

Liquid staking introduces a stake pool that acts as an intermediary between you and the validator. When you liquid restake, you deposit SOL into the stake pool and receive Liquid ReStaking Tokens (LRTs) in exchange, similar to how you receive LP tokens in liquidity pools.

Every ~49 hours, the stake pool receives rewards. Unless epoch fees are set to 100%, these rewards increase the total SOL managed by the pool while the LST supply remains constant. This mechanism naturally increases the LST-to-SOL ratio.

Price of a LRT is calculated by:

Bin Value Locked / Supply of LRT = Price of LRT

The bin value locked (BVL) for each label is securely controlled solely by the Clear program. It contains the liquid restaking a native staking, you directly delegate your SOL to a chosen validator, and staking rewards automatically compound into your stake account approximately every 50 hours.