Raydium is an AMM and liquidity provider powering DeFI on Solana. Raydium allows for instant swaps and effortless rewards farming with high liquidity and rewards for users.
Using Raydium, you can deploy your stSOL in the pool below to add to your SOL staking yield.
stSOL / USDC - 7.63% APR* (incentivised with 60,000 LDO per month)
*Please note the APRs listed above fluctuate and are subject to change.
Depositing stSOL to Raydium
To get started, visit raydium.io/pools. Using the ‘Search by Token Symbol’ function, find the stSOL token pool. Select the stSOL - USDC pool.
After clicking the pool, choose the amount of stSOL and USDC to deposit. Please note that you must deposit equal amounts of each token. If you have a smaller amount of one token than another, you can use the Raydium DEX to convert a portion of the tokens.
Once you have chosen the token amounts to deposit, press Supply and confirm the transaction using your Solana wallet. Once approved, you will see the tokens in the ‘Your Liquidity’ section.
Staking LP tokens
To get LDO rewards on your stSOL, you will need to stake your LP tokens. Head over to Raydium Farms, find the stSOL/USDC pool. Select "Stake LP" and confirm the amount of LP tokens that you would like to stake. You can also harvest your wLDO rewards through this menu.
Removing liquidity from Raydium
To remove your tokens from the Raydium stSOL pool, find your active pool and go to the ‘My Liquidity’ section and click Remove. Choose the amount to remove and press Confirm. Approve the transaction using your wallet to unstake.