Earn additional yield on your stSOL with the Tap Finance covered call stSOL vault strategy. This strategy lets you contribute to the decentralisation of Solana while earning an additional yield on your staked SOL (stSOL).
The APR is approximately 25% on stSOL, which includes the SOL staking yield provided by Lido. Please note that this may fluctuate over time.
For more information, check out "Presenting stSOL Options Strategy Vault with Tap Finance".
Before starting, please note that you will need stSOL. To get stSOL, head to solana.lido.fi and stake your SOL tokens.
To get started with the Tap Finance covered call strategy, follow the steps below:
Head to app.tapfinance.so/vault/usdc-call-stsol and connect your wallet. You can choose between Phantom, Solflare and Sollet wallets for now.
Once connected you will need to create a Token Account. To do so, press Create Token Account and approve the transaction in your wallet.
You are now ready to deposit stSOL. Choose the amount of stSOL tokens to deposit and press Deposit stSOL. Approve the transaction using your wallet.
Voila - you have now deposited your stSOL in the covered call strategy.
Withdrawing stSOL from Tap Finance
To withdraw your stSOL from the vault, switch to the Withdraw tab and choose the amount of tokens to withdraw.
Press Withdraw Tokens and approve the transaction using your wallet. Your stSOL will now return to your Solana wallet.