Socean Finance

Socean is a suite of DeFi products on Solana. The platform has two major products:

• Socean Stake: a stake pool
• Socean Streams: a marketplace for governance token streams

Socean is an autonomous, algorithmic stake pool on Solana. Users staking their SOL with Socean can participate in different DeFi services and products available in the Solana network utilizing Socean's native token. The native token of the platform's stake pool is scnSOL. Users get scnSOL when they stake their SOL with Socean. The scnSOL can be utilized in the Solana ecosystem for lending, liquidity pools, borrowing, and others.

Users are able to deposit SOL in order to get scnSOL tokens, and they represent ownership of the stake pool. Since scnSOL tokens can be transferred and traded, they can be utilized in DeFi for utility, plus extra returns. Illustratively, scnSOL can be utilized to provide liquidity in pools such as Orca or Saber, or as collateral through Solend for borrowing/margin trading. In addition, users are able to swap scnSOL for SOL through liquidity pools. scnSOL tokens can be redeemed by users for the SOL they put in.