What is elSOL?

elSOL is a liquid staking token (LST) designed to redesign how stake is used on the Solana network and to make previously latent functions of stake usable, unlocking its potential.

On Solana, network bandwidth is preferentially allocated based on stake weight. However, there has been no way for users and projects to reflect their own stake on their traffic path, and the value of stake has largely been limited to staking rewards without being connected to network performance.

elSOL is designed to extend this. By staking SOL as elSOL, users can keep principal and earn staking rewards while also using that stake as SWQoS bandwidth for their own use or lending it to others for additional incentives.

In the elSOL pool, MEV-enabled validators operate with 0% commission, and 20% of their block reward profits are returned to the elSOL pool every epoch. This design enables high yields even without using SSP (SOL Staking Power).

By unifying staking rewards with SWQoS bandwidth incentives, elSOL moves stake beyond a simple investment and turns it into a practical resource that supports the foundation of the Solana network.