Cloud (CLOUD) is the governance token for Sanctum, a liquid staking platform on the Solana blockchain. By holding CLOUD, you can participate in decisions about Sanctum's future, such as voting on new partners. To become a verified partner in the Sanctum ecosystem, entities must stake CLOUD tokens. This staking process grants them benefits like custom pets and quests within the platform.
Sanctum simplifies liquid staking by allowing you to stake your SOL tokens and receive liquid staking tokens (LSTs) in return. These LSTs can be traded or used across various decentralized finance (DeFi) platforms on Solana, providing flexibility and liquidity.
