Socean is a fully autonomous, fully transparent algorithmic stake pool on Solana. We are committed to unlocking the value of staked SOL for use in the Solana ecosystem, improving staking returns for our users and increasing decentralisation on the Solana network.

Staking your SOL with Socean earns you the best risk-free yields on Solana while being able to participate in other DeFi services and products in the Solana network using Socean's native scnSOL token.

scnSOL is the native token of Socean's stake pool. You will get scnSOL in exchange for staking your SOL with our stake pool. It represents your stake with us and will increase in value as the stake pool accrues staking rewards. These scnSOL can then be used freely across the Solana ecosystem (liquidity pools, lending, borrowing, etc.).

Yes. We use the Solana Foundation's reference program, which has been deployed in a production setting and has received multiple rounds of audits, feedback and scrutiny. You can check out our medium for a more in-depth explanation.

We charge a one-time withdrawal fee (0.03% of transaction size) and an ongoing management fee (~2.0% of staking rewards). These fees may be subject to change. At 6.5% APY, it takes around 1 epoch to recoup the 0.03% withdrawal fee.

When using "delayed unstake" to unstake your SOL, you can withdraw your SOL 1 epoch (approximately 2 days) after unstaking them.

If you choose to "instant unstake" your SOL, your scnSOL will automatically be exchanged for its equivalent value of SOL and will be directly transferred to your wallet without needing to withdraw them manually.