JSOL and APY

When you stake SOL through JPool's liquid staking options, you receive JSOL, JPool's liquid staking token (LST). This page explains what JSOL represents and how its value grows over time.

INFO

Native Staking is the one exception: it delegates SOL directly to a validator and does not mint JSOL. See Native Staking.

What JSOL represents

JSOL represents your share of the total stake held in JPool. Instead of tracking individual stake accounts, you hold a single token whose value reflects the pool's underlying SOL plus the rewards it has earned.

Because JSOL is a token in your wallet, your position stays liquid. You can hold it, transfer it, or put it to work in DeFi while your original stake keeps earning. To learn more, read Using JSOL in DeFi.

How value accrues

JSOL uses a growing exchange rate rather than paying out separate reward tokens. As the pool accrues staking rewards each epoch, each JSOL becomes redeemable for more SOL over time. You do not receive more JSOL; the JSOL you hold becomes worth more SOL.

Understanding APY

APY stands for Annual Percentage Yield: the rate at which your stake grows over a year, including the effect of compounding.

For example, if you acquired 1 JSOL for 1 SOL today and the APY over the coming year were 10%, you would be able to redeem roughly 1.1 SOL for that 1 JSOL a year later. This is a hypothetical illustration. Actual APY varies with network conditions and is not guaranteed.

INFO

JPool keeps a transparent, up to date list of fees on the pool info page. Any fee changes are announced in advance.