Overview

$demSOL is a liquid restaking protocol built on Solana.

Launched in Q1 2025

Utility

demSOL is an omnichain liquid staking token, leveraging cutting-edge technology to enable the staking of SOL into ecosystems demanding access to economic security.

The token's primary differentiation is enhanced yield above and beyond other 'vanilla' liquid staking tokens in two ways:

1. Emissions: The initial yield enhancement for demSOL will come from an emission-based loyalty boost. When demSOL is held in a wallet on a partner chain, the tokens are uniquely eligible to receive a loyalty yield boost in the form of $GRAIN token emissions, claimable on a weekly basis.

2. Modular yield enhancements: We plan to upgrade demSOL progressively to enhance its yield generation.

Ecosystem effect

Users can expect Demether to deliver greater token utility for demSOL through a growing number of integrations into DeFi protocols and wallets. The Demether Foundation will pass through any economic incentives offered by partners to further enhance returns for users. Additionally, improved liquidity across ecosystems will be a key benefit.

Seamless interoperability

Finally, demSOL is designed to be seamlessly transferable across all chain ecosystems where Demether operates, leveraging LayerZero technology. Tokens can behave as if they are native to the underlying chain ecosystem, utilizing LayerZero's chain abstraction token standard and bridging technology for a frictionless cross-chain experience.

Minting

Users can mint demSOL by depositing jitoSOL or dmSOL, Demether's $SOL liquid restaking token on the Solana network to receive their demSOL on participating partner chains.

Initially, Demether will support minting with Jito Staked SOL (JitoSOL), but we aim to expand the range of input LSTs over time, with additional partners to be announced soon.