Implementation and Operation Overview
Utilizing the Official Solana Stake Pool Program
elSOL is built upon the rigorously audited official Solana Stake Pool Program, ensuring a high standard of security and reliability.
Governance through VLD Mining and veVLD Voting
The community democratically manages elSOL staking aimed at VLD token mining, gauge allocations for validators, and the selection of liquidity pools.
Establishment of Stake Bandwidth Market
By staking elSOL on ERPC, participants can acquire QoS bandwidth, which can be rented out on the market. Pricing is determined by market principles and may fluctuate accordingly.
Reference
Token Information
- Token Address: ELSoL1owwMWQ9foMsutweCsMKbTPVBD9pFqxQGidTaMC
- Token Name: Enhanced Linkage SOL
- Tick: elSOL
elSOL Fee Structure
- Rewards Fee: 0.00 %
- SOL Deposit Fee: 0.00 %
- SOL Withdrawal Fee: 0.10 %
- Stake Deposit Fee: 0.00 %
- Stake Withdrawal Fee: 0.10 %
Related Links
elSOL Staking Rewards Mechanism
elSOL staking rewards accumulate through Solana's official staking pool program:
- Users deposit SOL into the staking pool and receive elSOL proportional to their stake.
- The pool delegates these funds to selected validators.
- elSOL token value increases as rewards are added to the total SOL in the pool.
Example
- Initial Deposit: Stake 100 SOL → receive 100 elSOL tokens (1 elSOL = 1 SOL)
- After 1 Year (assuming 7% APY): Pool's SOL increases to 107 SOL, raising the value of 1 elSOL to 1.07 SOL.
- Withdrawal: Redeem 100 elSOL for 107 SOL.
elSOL Decentralized Delegation Strategy
elSOL employs an advanced delegation strategy to diversify staking risks and enhance network security:
- 40%: High-performance validators operated by the SLV development team
- 30%: Validators subscribed to Validators Solutions' premium plan (operated on high-spec servers with zero downtime)
- 30%: Voting via veVLD for decentralized validator selection
All delegated validators use 0% fees and Jito MEV validators. Stakes delegated here are utilized within the ERPC Bandwidth Market, enabling additional revenue through bandwidth leasing and supporting high-speed transaction environments across the Solana network.