Liquid Staked SOL (LsSOL) is a liquid staking token that represents staked SOL along with the rewards earned through network staking. By staking SOL with Liquid Collective, users can mint LsSOL, which serves as proof of ownership for their staked SOL and the associated rewards, minus any applicable fees. The primary utility of LsSOL is to enable users to participate in SOL staking while retaining flexibility within the decentralized finance (DeFi) ecosystem. This means holders can utilize their LsSOL in various DeFi applications, enhancing their overall engagement and potential returns. Additionally, LsSOL allows for the transfer of ownership of staked tokens. By transferring LsSOL, users can effectively transfer their stake in SOL to another party, making it a versatile asset in managing staking positions. Overall, LsSOL combines the benefits of staking with the liquidity and usability necessary for active participation in the DeFi landscape.