SOL Strategies launches liquid staking token STKESOL

SOL Strategies, a firm implementing a SOL reserve strategy, has launched its liquid staking token, STKESOL, The Block reported. The token allows users to stake SOL for rewards while maintaining liquidity in the form of STKESOL. It is available for trading on major Solana-based DeFi platforms, including Orca, Squads, Kamino, and Loopscale. As of the fourth quarter of last year, SOL Strategies held 524,000 SOL.