daoSOL wallet

What is daoSOL (DAOSOL)?

daoSOL is the liquid staking token of the DAOPool, a Solana stake pool run as a MonkeDAO initiative that spreads its stake across many community validators rather than concentrating it in a few large ones. You deposit SOL, the pool delegates it, and you receive daoSOL representing your share of everything the pool holds.

The detail that matters for a holder is how the balance behaves. daoSOL does not rebase: the number of tokens in your wallet stays exactly the same from the day you receive them. What changes is the redemption rate - each daoSOL corresponds to a slowly growing amount of SOL in the pool, so the token and SOL are not one to one and should never be treated as interchangeable when you calculate amounts. Unstaking either goes through the pool, which returns SOL, or through a swap on the open market; the direct route can take until the end of the current epoch to release.

It is an SPL token like any other on Solana, held in a token account under your address, with SOL paying the transfer fees.

Since the position looks after itself on chain, there is nothing to press in a wallet: Tangem simply queries the network for the current balance whenever you open the app, and the card can spend the rest of its time somewhere safe. Holding daoSOL this way asks nothing of you between deposit and the day you decide to unwind it.

Supported networks in Tangem (1): Solana.