END
RUGS
FOREVER
With LST-NFTs, we are introducing a new ‘unruggable’ dynamic for NFT projects. Creators are paid for their ability to deliver experiences, whilst minters’ funds stay protected - all powered by Solana's native staking yield.
HOW IT WORKS
Create Project
Create your own LST-NFT by uploading your meta data and submitting your project details.
Mint
Mint your LST-NFTs on Lilypad, with SOL.
Hold or Trade
Diamond hand your LST-NFT or head to secondary marketplaces, such as MagicEden, to trade.
Dissolve
Recoup the original funds used to mint in their entirety, by dissolving the LST-NFT on Lilypad.
FREQUENTLY ASKED QUESTIONS
LST-NFTs (liquid staking token-NFTs) are NFTs minted with an LST in place of SOL. By minting with an LST, the funds stored within the NFT are automatically staked and produce yield. This yield is then directed to a project’s treasury, allowing them to earn whilst offering complete protection of minters’ funds - an ‘unruggable’ mechanism.
A key mechanic of LST-NFTs is that they can be instantly dissolved. Think of it as a refund mechanic: holders can exchange their LST-NFT in return for the funds used to mint it, which are locked in a stake account attached to the NFT. Please note: the dissolving process is hosted on Lilypad here - simply burning your LST-NFT will not achieve the same result.
LST-NFTs can be traded in exactly the same way as other NFT standards, and Lilypad has partnered with MagicEden to facilitate the best possible secondary trading experience for its projects. Furthermore, the ‘dissolving’ process is accessed by the owner of an LST-NFT, so mint funds are redeemable for new owners who have purchased an LST-NFT on secondary markets.
If you are a project or creator looking to launch an LST-NFT, regardless of whether you’ve launched one prior, please fill out the following form to express your interest: Fill Out Form
Read the full Lilypad docs or contact us via our Discord.