What You Can Do With raSOL in Solana DeFi

TL;DR. raSOL is Hubra's liquid staking token. It keeps earning staking rewards from validator rebates, but unlike native stake it does not sit locked in a stake account. You can loop it, lend it, pair it in a liquidity pool, or borrow against it, and the stake underneath keeps compounding the whole time. Below are the live places to use raSOL on Solana, and the risks that come with each.

When you stake SOL natively, it goes into a stake account and stops moving. You earn rewards, but the SOL itself is stuck until you unstake it. raSOL flips that. It is a token in your wallet that represents staked SOL plus the rewards it has earned, and you can trade it, move it, or hand it to another protocol without giving up the yield underneath.

That one property, liquidity, is what makes raSOL useful in DeFi. This guide covers what you can actually do with it today, platform by platform, and where each one can bite you.

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What raSOL is, briefly

raSOL is the liquid staking token Hubra issues when you stake SOL. Its yield comes from validator rebates. Hubra runs the validator behind raSOL and issues the token, so the commission a normal multi-validator pool would keep, plus the MEV its Jito client captures, gets rebated to raSOL holders instead of kept. Your rewards accrue into the token over time, in the same 5 to 7% range as staking SOL directly.

There are two ways out. You can redeem raSOL for SOL through Hubra, which takes one epoch, about two days. Or you can swap it for SOL on a DEX and skip the wait, paying whatever spread the market is quoting. New to any of this? Start with our guide to liquid staking on Solana, or stake SOL and mint raSOL directly.

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Ways to put raSOL to work

Each of these is live today, links straight to the strategy, and leaves your underlying stake earning while the token does a second job.

Loop it for leveraged staking on Kamino

Kamino's Multiply vault levers your staking exposure. You deposit raSOL, the vault borrows SOL against it, stakes that into more raSOL, and repeats, up to 7x. As long as staking yield stays above the borrow rate, you earn the spread on a much larger position. When it does not, or when the raSOL-to-SOL ratio slips, that same leverage runs against you and the position can be liquidated.

This is the highest-risk option on the list. It rewards people who understand looping and watch their health factor closely. Treat it as set-and-forget and it will hurt. Do not make it your first stop.

Open the raSOL Multiply vault on Kamino →

Borrow against it at a fixed rate on Loopscale

Loopscale runs fixed-term, fixed-rate loans. You post raSOL as collateral and borrow USDC against it for a set period, at a rate you know before you commit. That suits anyone who wants cash out of a position without selling it, and who would rather avoid the floating rates and sudden liquidations of an open-ended money market. You keep the staking exposure and unlock liquidity against it. The trade is the deadline: you repay by term, and if raSOL's value falls far enough before then, the loan can still be liquidated.

Borrow against raSOL on Loopscale →

Provide raSOL-SOL liquidity on Meteora

Meteora's DLMM pools let you supply liquidity inside a tight price band and collect the swap fees. The raSOL-SOL pair fits this well, because the two prices track each other closely. You can concentrate your liquidity in a narrow range and earn fees from everyone swapping between staked and unstaked SOL. Concentrated liquidity is not passive income, though. If the ratio drifts outside your range you stop earning until you rebalance, and you carry some impermanent loss for the privilege.

Add raSOL-SOL liquidity on Meteora →

Use it as collateral on Save

Save, the money market formerly known as Solend, accepts raSOL as collateral. Deposit it and you can borrow other assets against it while your stake keeps earning, or simply supply it to earn lending yield. This is the plain version of borrowing against raSOL: variable rates, open-ended, liquidation if your health factor drops too low. Nothing fancy. Fully liquid, and the rates move with the market.

Use raSOL on Save →

P0: one margin account for all of it

P0 is a DeFi-native prime broker on Solana. Instead of juggling separate positions across separate apps, you get a single unified margin account to lend, borrow, and build leveraged yield strategies, with raSOL as part of your collateral. If you run several strategies at once, this is the one to reach for: everything nets against one account rather than scattering across five.

Trade raSOL on P0 →

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The risks, plainly

Every strategy above stacks risk on top of simply holding raSOL. Worth being blunt about them.

raSOL tracks SOL but is not pegged one to one. Its value floats with accrued rewards and market demand, and if it trades below where a protocol prices it, collateral positions can get liquidated.

Anything with borrowing or leverage, so Kamino, Loopscale, Save, and P0, can be closed out at a loss when the market moves against you. Leverage multiplies both the gain and the damage.

Liquidity positions on Meteora carry impermanent loss. You can end up worth less than if you had just held the two tokens, especially if the pair diverges or you set your range badly.

You are also trusting each protocol's code, not only Hubra's. More protocols in a strategy means more places something can break.

And exits are not always instant. Redeeming raSOL for SOL takes an epoch. If you need out that second, you swap on a DEX and accept the spread at that moment.

None of this should scare you off DeFi. Just size positions to what you can afford to lose, and start simple before you loop.

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Getting started

If you do not hold raSOL yet, stake SOL and mint it here. Still weighing whether to keep your stake liquid or lock it natively? Our native versus liquid staking guide lays out the trade-off, and the staking mechanics guide explains how the yield itself is built. If you want to see how raSOL stacks up against other liquid staking tokens first, we compare them in the best Solana liquid staking token guide.

Once you hold raSOL, pick one strategy, learn how it behaves through a full cycle, and add from there. Hubra shows your raSOL and where it is deployed in one view, so you can track what each position is doing without opening five tabs.

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This article is for educational purposes only and is not financial advice. DeFi strategies carry real risk of loss, including from leverage, liquidation, and smart contract failure. Protocols and their terms can change. Always do your own research before depositing.