What is pxSOL?

pxSOL is a liquid staking solution for Solana that uses a two-token model to maximize yields. Users can stake SOL to receive pxSOL tokens that maintain a 1:1 peg with SOL for use across DeFi, or deposit their pxSOL into the auto-compounding apxSOL vault to earn boosted staking rewards.

How is pxSOL different from other Solana liquid staking tokens?

pxSOL uses a unique two-token design where not all users choose to stake for yield - some prefer to use pxSOL in DeFi. This allows apxSOL vault participants to earn yield from ALL SOL in the protocol, not just their personal contribution, creating boosted returns through capital efficiency.

Is pxSOL live on mainnet?

pxSOL is currently live on testnet. Mainnet launch will be announced once development and testing is complete.

How do I get pxSOL?

You can stake SOL through the pxSOL user interface to receive pxSOL. pxSOL will also be available for trading across Solana's DEXs.

Can I stake other tokens besides SOL?

No, pxSOL is specifically designed for SOL staking on Solana.

How does the yield boost work?

When users deposit SOL, they can choose to hold pxSOL (liquid token) or deposit into apxSOL (staking vault). Since not all pxSOL holders choose to stake, the apxSOL vault earns staking rewards from all deposited SOL while distributing those rewards among fewer participants, creating boosted yields.

What's the difference between pxSOL and apxSOL?

• pxSOL: Maintains 1:1 SOL peg, provides instant liquidity, forgoes staking yield for DeFi utility
• apxSOL: Auto-compounding vault token that earns boosted staking rewards from all protocol SOL

Can I convert between pxSOL and apxSOL?

Yes, pxSOL holders can deposit their tokens into the apxSOL vault at any time to begin earning staking rewards. apxSOL holders can unstake instantly to receive pxSOL with no fees - they'll receive more pxSOL than they originally deposited due to accumulated staking rewards.

How do withdrawals work?

Users have two options:

1. Trade pxSOL: Instant liquidity through Solana DEXs and DeFi protocols
2. Direct unstaking: Convert pxSOL back to SOL. Instant withdrawals cost a fee, while standard withdrawals are free but may take several days.

Where does the staking yield come from?

Staking rewards come from Solana's network inflation (currently ~5-7% annually) plus MEV (Maximum Extractable Value) opportunities captured by Galaxy's validator operations.

What can I do with pxSOL in DeFi?

pxSOL can be used across Solana's DeFi ecosystem for trading and providing liquidity DEXs, lending and borrowing on protocols, and participating in yield farming strategies.

What are the risks of using pxSOL?

Key risks include smart contract risk, validator performance risk, slashing risk (standard Solana staking risk), and liquidity risk depending on DeFi adoption.

How often are staking rewards distributed?

Staking rewards are automatically compounded in the apxSOL vault. The exchange rate between apxSOL and pxSOL updates regularly to reflect accumulated rewards.

What wallets support pxSOL?

Any Solana-compatible wallet can hold pxSOL tokens, including Phantom, Solflare, and other popular Solana wallets.

Is there a minimum deposit amount?

No.

What yields can I expect?

Staking yields vary based on Solana network conditions and the proportion of pxSOL holders who choose to stake in the apxSOL vault.

Are there any fees?

There is a 4% yield fee applied to staking rewards earned by apxSOL holders. There are no deposit fees, and apxSOL can be unstaked to pxSOL instantly with no fees.

Is pxSOL audited?

Yes, pxSOL has completed a security audit. Audit details will be made available before mainnet launch.

How is my SOL secured?

SOL is staked directly to Solana validators through the protocol's staking infrastructure. The protocol does not engage in rehypothecation or additional lending activities that would increase risk.

Are there any hidden fees?

No. All protocol fees are clearly disclosed in this documentation.

Can fees change?

Fee changes would be implemented through governance processes with advance notice to users. Dinero is committed to transparent fee management.