# Table of Contents - [Welcome | Zippy Stake Pool](#welcome-zippy-stake-pool) - [Defi integrations | Zippy Stake Pool](#defi-integrations-zippy-stake-pool) - [Delegation Strategy | Zippy Stake Pool](#delegation-strategy-zippy-stake-pool) - [The ZPY token | Zippy Stake Pool](#the-zpy-token-zippy-stake-pool) - [Safety | Zippy Stake Pool](#safety-zippy-stake-pool) - [Points Program | Zippy Stake Pool](#points-program-zippy-stake-pool) - [Governance | Zippy Stake Pool](#governance-zippy-stake-pool) - [What is Liquid Staking? | Zippy Stake Pool](#what-is-liquid-staking-zippy-stake-pool) - [As a validator how do I get a delegation? | Zippy Stake Pool](#as-a-validator-how-do-i-get-a-delegation-zippy-stake-pool) --- # Welcome | Zippy Stake Pool Welcome to Zippy! We are a Solana stake pool enabling liquid staking. If you are new to Liquid Staking, please have a look at [What is Liquid Staking?](/liquid-staking/what-is-liquid-staking) . Zippy utilize the Solana Foundation's non-custodial standard stake pool program (more information at [https://spl.solana.com/stake-pool](https://spl.solana.com/stake-pool) ), which has been audited 9 times. When you stake with Zippy, we take care of which validators your SOL is delegated to, so that you can: 1. .. get high yield returns similar to native staking, typically in the range 7-8% APY. The current APY is shown on [https://zippystake.org](https://zippystake.org) . 2. .. be sure that you are supporting decentralization of the Solana network. Zippy spreads your staked SOL to the best (and most decentralized) validators on Solana. 3. .. participate in Defi. When you stake with Zippy you receive a liquid staking token ([zippySOL](https://solscan.io/token/Zippybh3S5xYYam2nvL6hVJKz1got6ShgV4DyD1XQYF) ) that increases in value relative to SOL every epoch, which you can use in Defi across Solana. Defi integrations are continuously being added as zippySOL grows in popularity. zippySOL can be withdrawn from the stake pool at any time, and when you do your zippySOL will be turned into a traditional staking account and your SOL will be available after the end of the current epoch. We also provide liquidity to zippySOL/SOL pools on Meteora and Orca so that you can instantly sell your zippySOL if that is what you prefer. [](#addresses) Addresses ----------------------------- * Stake Pool: DxRFpqBQBC2nKcvh14gD1eizCj9Xi7ruMR3nCR3Hvw8f * Pool Token Mint: Zippybh3S5xYYam2nvL6hVJKz1got6ShgV4DyD1XQYF * Manager: 8uDH1X5b5ggjDsob5kaKkXgDovJ2H2U6xC3DiFMR7L1M * Reservere: 46VKZeB3n7GEwAsVYyAdTYiAPw4WnYU3MsBGMu62w4J1 * Withdraw Authority: F15nfVkJFAa3H4BaHEb6hQBnmiJZwPYioDiE1yxbc5y4 [](#fees) Fees ------------------- As Zippy Stake is using the standard Solana stake pool program, you can always verify our fees on chain or on [https://solanacompass.com/stake-pools](https://solanacompass.com/stake-pools) * Rewards fee 3% * SOL deposit fee 0% * SOL withdrawal fee 0.1% * Stake deposit fee 0% * Stake withdrawal fee 0.1% [NextSafety](/overview/safety) Last updated 11 months ago 👋 --- # Defi integrations | Zippy Stake Pool The zippy liquid staking token, zippySOL, can be used on the following Defi applications. We are constantly evaluating new integrations, so if you are missing an integration that you would like to see, please let us know! [](#liquidity) Liquidity ----------------------------- * **Meteora**, [https://app.meteora.ag/pools/F6aWbSQGfpovn9wCadKbstQb5R3J4PfNfemcREg4LX3o](https://app.meteora.ag/pools/F6aWbSQGfpovn9wCadKbstQb5R3J4PfNfemcREg4LX3o) * **Orca**, [https://v1.orca.so/liquidity/browse?tokenMint=Zippybh3S5xYYam2nvL6hVJKz1got6ShgV4DyD1XQYF](https://v1.orca.so/liquidity/browse?tokenMint=Zippybh3S5xYYam2nvL6hVJKz1got6ShgV4DyD1XQYF) * **Hawksight** * zippySOL/bSOL, [https://www.hawksight.co/strategy/orca-zippysol-bsol-1](https://www.hawksight.co/strategy/orca-zippysol-bsol-1) * zippySOL/SOL, [https://www.hawksight.co/strategy/orca-sol-zippysol-1](https://www.hawksight.co/strategy/orca-sol-zippysol-1) [](#borrow-and-lending) Borrow & Lending --------------------------------------------- * **Solend**, [https://solend.fi/dashboard?pool=B6jWiB73F6X6x8fp1pw1PGLQphN15r4ZZWPNggA1M9bS](https://solend.fi/dashboard?pool=B6jWiB73F6X6x8fp1pw1PGLQphN15r4ZZWPNggA1M9bS) [](#other) Other --------------------- * Sanctum LST swap, [https://app.sanctum.so/swap](https://app.sanctum.so/swap) [PreviousWhat is Liquid Staking?](/liquid-staking/what-is-liquid-staking) [NextAs a validator how do I get a delegation?](/validators/as-a-validator-how-do-i-get-a-delegation) Last updated 1 year ago 💰 --- # Delegation Strategy | Zippy Stake Pool [](#philosophy) Philosophy ------------------------------- Our deep belief is that in order to be a good staking pool, we must deliver both for our users AND the network (which ultimately is good for everyone of course). In essence this means that we must prioritize both selecting reliable high yield validators, but also support diversity among validators in order to futher decentralization of the network. Furthermore, we also want to support as many validators as possible. As TVL grows, the amount of validators we delegate to will grow as well. We believe in simplicity and transparency for users and validators alike. Validator scores are available at [https://www.zippystake.org/validators](https://www.zippystake.org/validators) . Join our Discord if you have any questions. Thanks for supporting Solana, and thanks for your interest in Zippy! [](#how-many-validators-do-we-delegate-to) How many validators do we delegate to? -------------------------------------------------------------------------------------- The number of validators, N, that are delegated to are dependent on the TVL of the pool and is calculated as follows: * 0 < TVL < 100k: 60 validators * 100k < TVL < 500k: 80 validators * 500k < TVL < 1M: 100 validatorss * \>1M: sqrt(TVL/100) validators [](#basic-requirement) Basic requirement --------------------------------------------- In order to be considered for delegation, all of the following criteria must be met: * Total stake requirement: at least 1000 SOL and no more than 3.5 MSOL, both of these must be met for the last 10 epochs * Percent low-latency votes (LLV) >= 50% averaged over the past 10 epochs, as determined by [https://stakeview.app/poor.html](https://stakeview.app/poor.html) [](#method-for-selecting-which-validators-to-stake) Method for selecting which validators to stake ------------------------------------------------------------------------------------------------------- The method applied is a basic ranking according to the following formula: score = (10 \* v + 3 \* d) / 13 averaged over the last 10 epochs Where * v = commission weighted vote credits. Calculated as: (1 - commission) \* (vote credits / max credits). Comission is the maximum commission for each validator over the past 10 epochs. * d = decentralization score. Calculated as: stake weighted concentration per ASN. Normalized to \[0,1\]. Max credits for an epoch is the highest vote credits reported by a validator in that epoch. Ranking is done by score descending order, and the top N validators will get a delegation. The scoring for the latest epoch is fully transparent and can be viewed at [https://www.zippystake.org/validators](https://www.zippystake.org/validators) [](#delegation-amount) Delegation amount --------------------------------------------- The delegation amount of the selected validators (see above for how to select which validdators to stkae) is determined by the following: * Validators are ranked according to the their total stake * The validator with the least total stake will receive twice the amount of stake as the validator with the highest stake The rationale for this is simple: we want to support smaller validators, while not fully excluding the bigger ones as they also have an important role to play and support the network. [](#rebalancing) Rebalancing --------------------------------- The pool is rebalanced at least every 5th epoch. If we detect behavior from a validator that is directly hurting the network or the users, the validator will be immediately removed. For example (but not limited to): * Commission rugs * Delinquent for a full epoch * Vote lagging [PreviousAs a validator how do I get a delegation?](/validators/as-a-validator-how-do-i-get-a-delegation) [NextGovernance](/validators/governance) Last updated 12 months ago 🤝 --- # The ZPY token | Zippy Stake Pool NOTE: The ZPY token is not released yet! We plan to release a governance token, ZPY, in the near future. Target date is during Q2 2024. The ZPY token will be used to steer governance of the Zippy Stake Pool to control the delegation strategy, and any other major changes that affect the tokenomics. Holders of ZPY are eligible to receive 50% of the proceeds from the Zippy Stake pool. [](#tokenomics) Tokenomics ------------------------------- As the ZPY token is not yet released, the following is preliminary information: * MINT: TBD * Total supply: 1,000,000,000 (fixed) * Minting: disabled * Allocation: * Initial airdrop, 20% = 200 000 000 * Distribution * 80% (160 000 000) to past and current zippySOL holders. Distribution will be allocated based on the amount of points by the snapshot date (yet to be determined) * 20% (40 000 000) to key contributors and advisotrs that have helped to grow the Zippy Stake pool until the ZPY token launch. * Team and advisors: 20% = 200 000 000 * Initial liquidity, 10% = 100 000 000 (including liquidity incentives during introductory period) * Staking rewards: 40%, a reserved amount of ZPY reserved for paying out additional rewards for stakers during campaign events * Business development: 10%, e.g. partnerships, collaborations, marketing * Pool proceeds * Proceeds from the Zippy Staking Pool, such as epoch reward fees, withdrawal fees and any fees earned from liquidity fees in pools funded by Zippy, will be used as follows * 20% of proceeds are used to buy back ZPY and burn the tokens * 30% of proceeds are used to cover operational expenses of the pool * 50% of proceeds are distributed to ZPY holders, exact allocation and timing is not yet determined, but to those ZPY holders taking active part in governance will receive higher shares [PreviousGovernance](/validators/governance) Last updated 1 year ago 🪙 --- # Safety | Zippy Stake Pool Is zippySOL safe to use? Is rugging possible? These are relevant questions that we get asked a lot. So let us try and clarify how zippySOL works. zippySOL is a liquid stake pool token which is provided by using the Solana Program Library (SPL) stake pool program. That program itself has been audited 9 times, so the program is itself has a high level of security. But it also means that if you hold zippySOL you can ALWAYS unstake it yourself using the on chain program - you do not actually need zippystake.org to unstake. You can unstake using the SPL Command Line Interface (CLI) if you would like, or you can use any of the Python, Typescript or Rust SDKs to do the same. [](#unstaking-using-the-cli) Unstaking using the CLI --------------------------------------------------------- 1. Install the CLI from [https://github.com/solana-labs/solana-program-library](https://github.com/solana-labs/solana-program-library) 2. If you do not have your private key (for the wallet where you hold zippySOL) available as a .keypair file already then you need to export it from your wallet. If you use Phantom, here are instructions of how to do that [https://edulanasca.hashnode.dev/how-to-export-a-private-key-from-phantom-to-a-keypair-file](https://edulanasca.hashnode.dev/how-to-export-a-private-key-from-phantom-to-a-keypair-file) 3. Use the withdraw-stake command from the CLI [https://spl.solana.com/stake-pool/cli#withdraw-stake](https://spl.solana.com/stake-pool/cli#withdraw-stake) . For example use the following command to unstake 5 zippySOL: `spl-stake-pool withdraw-stake DxRFpqBQBC2nKcvh14gD1eizCj9Xi7ruMR3nCR3Hvw8f 5` 4. After this you will have a native active stake account containing your SOL in your wallet. Deactivate it and then you can withdraw your SOL the next epoch. Here are instructions of how to do this in Phantom: [https://help.phantom.app/hc/en-us/articles/4406374138771--Staking-Solana](https://help.phantom.app/hc/en-us/articles/4406374138771--Staking-Solana) [PreviousWelcome](/) [NextPoints Program](/overview/points-program) Last updated 12 months ago 🔐 --- # Points Program | Zippy Stake Pool Starting January 1st 2024, you can earn points when holding and using zippySOL across approved defi partners. The points you accumulate will be used to determine the initial allocation of the ZPY governance token when it is released later this year. See [The ZPY token](/validators/the-zpy-token) for the proposed tokenomics. [](#terms-and-conditions) Terms and Conditions --------------------------------------------------- 1. **Acceptance of Terms**: By participating in this Points Program, you agree to these Terms and Conditions. 2. **Eligibility**: Participation in the Points Program is open to individuals who comply with the terms herein. It is your responsibility to ensure that your participation is legal in your jurisdiction. The Points Program is not available to anyone where it is illegal to participate in such programs. 3. **Program Description**: The Points Program rewards users with points based on their interactions and transactions using the zippySOL token. Details about earning and redeeming points are subject to change at the discretion of the Points Program administrators. 4. **User Responsibility**: You are responsible for understanding and complying with all laws, rules, and regulations of your jurisdiction related to cryptocurrency use and points programs. If the Points Program is illegal in your country, you are prohibited from participating. 5. **Points Value and Use**: Points earned in the Points Program have no cash value and are solely for use within the Points Program. The ways in which points can be used may change over time. 6. **Modification and Termination**: The Points Program administrators reserve the right to modify or terminate the Points Program at any time without prior notice. This includes, but not limited to, changes to the terms, point earning mechanisms, and point redemption options. 7. **No Warranty**: The Points Program is provided 'as-is' without any warranties. The Points Program administrators are not liable for any direct or indirect damages arising from your participation in the Program. [](#points) Points ----------------------- Action Type Points Available during Holdings - Hold zippySOL in your wallet or deposited into any of the approved protocols Base 1 point per day From 2024-01-01 Defi points - Deposit zippySOL into approved defi protocols Defi 2x of base From 2024-01-01 Defi boost points - Kamino select incentivized vaults Defi 5x of base instead of 2x 2024-03-11 until 2024-04-30 Defi boost points - Hawksight select incentivized strategies Defi 5x instead of 2x 2024-02-28 until 2024-04-30 Collab boost points - SaveTheWhal3s, holders of Whal3 or Atlant3an NFTs Collab 5x of base From 2024-03-08 Collab * At least one Turtles NFT: 5x of base * More than 5 Turtles NFTs: 10x of base From 2024-03-08 Collab 5x of base From 2024-04-01 [](#limits-and-stacking) Limits & Stacking ----------------------------------------------- The points stack, but are subject to the following daily caps: * Base points - no limit * Defi - max 5x per day * Collab - max 10x per day [](#example) Example: -------------------------- Action Points per day Accumulated Points per day Deposit SOL on zippystake.org to get 10 zippySOL 10 10 Deposit 7 of these zippySOL on Hawksight 5x7 = 35 45 Hold a Turtle NFT 5x10 = 50 95 Hold a Whal3s NFT 5x10 = 50 145 Hold 5 Turtle NFTs no additional points as you have already reached the 10x Collab max 145 [](#approved-protocols) Approved Protocols ----------------------------------------------- * Liquidity * Meteora Dynamic Vaults and DLMM * Orca * Kamino Vaults * Hawksight Strategies * Borrow/Lend * Solend [PreviousSafety](/overview/safety) [NextWhat is Liquid Staking?](/liquid-staking/what-is-liquid-staking) Last updated 11 months ago Collab boost points - Turtles, holders of NFTs. NOTE: this does not apply to the classic Turtle collection. Only turtles from the following collection are eligible Collab boost points - Mob Studios, holders of Mob Studios NFTs. 🏅 [https://magiceden.io/marketplace/turtlesnft](https://magiceden.io/marketplace/turtlesnft) [https://magiceden.io/creators/mob\_studios](https://magiceden.io/creators/mob_studios) --- # Governance | Zippy Stake Pool Any proposed changes to the delegation strategy will be posted at least 10 epochs in advance in the #governance channel on the Zippy Stake Discord to allow for strong community involvement. After the governance token, ZPY, is launched, ZPY holders will be able to vote on proposals. [PreviousDelegation Strategy](/validators/delegation-strategy) [NextThe ZPY token](/validators/the-zpy-token) Last updated 1 year ago 🐣 --- # What is Liquid Staking? | Zippy Stake Pool If you hold SOL one of the fundamental functions of Solana is that you can stake your SOL to a validator in order to receive staking awards (currently ca 7-8% APY depending on which validator you chose). When you do this, you (or your wallet app does for you) create an account called a stake account, which you can think of as where you have locked your SOL and delegated it to a validator. You will earn staking rewards each epoch, but while your SOL sits in your stake account, you cannot use it in Defi - it is "locked". Liquid staking, however, allows you to receive staking rewards without having to lock your SOL into a stake account. The way it works is that you deposit your SOL to the stake pool (in our case on www.zippystake.org) and you get a Liquid Staking Token (LST) in return (in our case, zippySOL). Under the hood, the SOL that you deposit will get delegated to multiple validators and when staking rewards are generated each epoch these rewards are added to the pool. This has the effect that each epoch zippySOL will increases in value vs SOL. You can think of it as an "exchange rate" that always increases vs SOL. The zippySOL LST can always be withdrawn from the pool and you will then get SOL according to the exchange rate (that is always increasing with the staking rewards collected from the validators each epoch) in the form of a native staking acount. You can then deactivate the native staking account and next epoch you can withdraw your SOL, which will be a higher amount than what you deposited the pool, depending on how many epochs you have staked for. As zippySOL is an LST, you can also at any time trade your zippySOL on DEXs to instantly convert into any other Solana token. The exchange rate that you get when trading on the DEX should be very similar to the true exchange rate between zippySOL/SOL, but can be affected by market conditions. If you want to be 100% sure you get the "true" exchange rate you should unstake at zippystake.org. [PreviousPoints Program](/overview/points-program) [NextDefi integrations](/liquid-staking/defi-integrations) Last updated 1 year ago ⚖️ --- # As a validator how do I get a delegation? | Zippy Stake Pool Welcome validator! You are the fabric of the Solana network. We would love to add you to the Zippy Stake pool. Here is what you need to do: * Join the #validators channel on our Discord, this is a great place to ask questions directly to us and get help from fellow validators * Have had at least 1000 SOL staked over the last 10 epochs * Meet the performance criteria listed in the [Delegation Strategy](/validators/delegation-strategy) page, which essentially means that you have to maintain competitive performance (high uptime, competitive commission) and stay out of hosting provides with very high stake concentration. [PreviousDefi integrations](/liquid-staking/defi-integrations) [NextDelegation Strategy](/validators/delegation-strategy) Last updated 1 year ago 🔢 ---