Pudgy Penguins expands onto DeFi with PenguSOL launch on Solana

Pudgy Penguins aims to boost its presence on Solana beyond the meme ￰0￱ platform will issue its own liquid staking token, ￰1￱ Penguins will become the latest liquid staking project on Solana, moving beyond its status as a meme ￰2￱ platform will start issuing its own liquid staking token, ￰3￱ the penguSOL LST with@sanctumso. With penguSOL, you can now stake and earn yield through our Pengu validator and support $PENGU without any lockups on your $SOL. More info ￰4￱ — Pudgy Penguins (@pudgypenguins) October 9, 2025 Pudgy Penguins will lend its brand to a growing sector on Solana , challenging other earlier and bigger LST ￰5￱ LST space is picking up speed, as it may be one of the avenues for treasury companies to park their SOL for passive ￰6￱ Penguins launched its LST through Sanctum, a provider of ￰7￱ offers white-label LST services, allowing teams to simply apply their ￰8￱ tokens have full validator logic, redemption rules, and DeFi ￰9￱ is thus a fully functional token.

Sanctum’s LST services have been also used by Bybit, Jupiter, and the Backpack ￰10￱ liquid staking already contains over $14B in value locked, while Sanctum validators lock in $2.41B. Value in Solana’s LST protocols doubled since April, as the chain’s DeFi sector grew and built demand for unlocking ￰11￱ Penguins spread its PenguSOL in the Solana ecosystem Pudgy Penguins provides SOL holders with staking income, without using ￰12￱ is immediately compatible with DeFi on Solana, and is already listed on Jupiter’s ￰13￱ Pudgy Penguins LST will add to the liquidity of Sanctum, which already holds near-record value locked from other clients building their own brands of LST. |