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About Drift Staked SOL
Analysis of 29 Jan 2026Drift Staked SOL (dSOL) is a liquid staking token from Drift Protocol that represents staked SOL on Solana. Users deposit SOL into Drift's staking pool and receive dSOL tokens that automatically accrue staking rewards, currently earning 6.36% to 6.88% APY as of 2026.
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Unlike traditional staking, dSOL tokens remain liquid and can be used as collateral in DeFi or traded on DEXs like Orca. The protocol delegates exclusively to the Drift Validator and returns 100% of validator fees to stakers.
With 1.5 million dSOL in circulation, the token trades on Solana-based exchanges with its most active pair being dSOL/SOL. The exchange rate between dSOL and SOL gradually increases as underlying rewards accrue, providing passive yield while maintaining capital flexibility.
