KETJU Research

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Staking

Save SOL

Not approved Too small to exit at size
Issued
2026-08-15
Last confirmed
2026-08-15
Next check due
2026-11-15
Chains
Solana · Governed, no freeze

saveSOL is a Solana liquid staking token issued by the Save team and built to serve as collateral inside Save Finance. It held about $4.6M in TVL at the 2026-08-14 survey. That is below our size floor, so we do not open an individual review until it clears the floor. On Solana we have already selected Marinade for liquid staking, so at scale saveSOL would also face that category comparison. At this size, size alone rejects it: an advised book of $1M to $8M from one practice becomes the exit crush.

The research file

Applicability to the surveyed record

Save identifies saveSOL as a Solana liquid-staking token built with the SPL Stake Pool Program. A user deposits SOL and receives saveSOL, which represents a fractional claim on the pool. Validator rewards raise the saveSOL-to-SOL exchange rate, and Save offers the receipt as collateral in its lending product. This matches the liquid-staking mechanism in the survey.

Current observation and perimeter

The DefiLlama protocol API read on 2026-08-15 still classified Save SOL as Liquid Staking, reported only Solana, and showed approximately $4.59M TVL. It identifies the live saveSOL mint and the SPL Stake Pool measurement method. The official Save page still offers stake, immediate unstake, and stake-account conversion actions.

Control and exit applicability

The SPL stake-pool manager and staker control fees, authorities, validator membership, and delegation. Users hold a transferable pool token. Save states that immediate unstaking carries a fee. A holder can instead withdraw the represented SOL into a stake account without protocol fee or slippage, then complete native deactivation through the wallet, which adds epoch timing.

Why the class rule decides

The shared v1 size rule decides the result because the Solana-only stake pool remains far below the size floor. We do not open an individual review until it clears that floor. Reopen after DefiLlama TVL stays above the size floor for 30 consecutive days. Then compare saveSOL with the approved Solana staking implementation and review manager and staker authorities, validator policy, fees, audits and incidents, lending collateral dependence, secondary liquidity, reserve-SOL and stake-account exits, and stressed redemption.

Research status

This is a capacity-unproven record for Save SOL, not a quality rejection or approval. Reported TVL says how big the venue is, not what the client owns, who can change the rules, or how a position exits at a proposed size. The individual review opens when the protocol clears the size floor.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

Inherited controls

The research above describes the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The layer with the most administrative power sets the position’s effective control; that describes control, not quality or suitability.

ChainVerdictControlControl constraint
SolanaApproved with limits Governed, no freeze no admin key can seize funds, but stake concentration and a sub-25 Nakamoto coefficient are the standing watch items.
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