Bonk Staked SOL

Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.

Bonk Staked SOL is a liquid staking token on Solana associated with the Bonk community. Its single pool held $10.4 million at the 2026-08-15 survey. The registry rejects it on size: one practice advising 100 households moves $1M to $8M into a venue on the same research, and below $100M TVL that book becomes the exit crush. Size alone decides it, whatever the protocol’s quality. At size it would be compared against Marinade, the selected Solana staking provider.

Kill criteria: the events that revoke this verdict
• Independently reproducible TVL sustains at least $100M for 30 days, triggering a full bonkSOL review against the selected Solana staking provider

The research file

Product and class applicability

Sanctum identifies bonkSOL as BONK’s official Solana liquid-staking token: SOL or an eligible BONK Validator stake account enters a non-custodial pool, stake is delegated solely to the BONK Validator, and the holder receives bonkSOL whose SOL value accrues staking rewards. This establishes the staking perimeter but does not override the shared v1 size rule.

Current observation and perimeter

The DefiLlama API read on 2026-08-15 reported approximately $10.4M, all on Solana, and classified the single tracked pool as liquid staking. Sanctum’s current LST explorer still lists bonkSOL, so the product is live but remains far below the shared $100M threshold.

Control, loss and exit applicability

Stake is concentrated in the BONK Validator and bonkSOL value depends on validator performance, Solana staking and the LST program. Sanctum describes direct minting from SOL or migrated active stake and instant entry or exit through its unified liquidity layer; realized exit still depends on available reserve or market liquidity and slippage.

Why the class rule decides

The shared v1 below-materiality dossier controls because independently tracked TVL is only about one tenth of the threshold. Reopen after TVL is independently reproducible at or above $100M for 30 days, then compare bonkSOL with the selected Solana staking provider and verify validator identity and commission, program authority, reserve and secondary liquidity, audits, incidents, fees, slashing treatment and stressed redemption.

Sources

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

• Sanctum — Introducing bonkSOL · primary · accessed 2026-08-15
  Supports: bonkSOL identity, single-validator delegation, non-custodial pool, staking-reward accrual, deposit and migration paths, fee disclosures
• Sanctum — current LST explorer · primary · accessed 2026-08-15
  Supports: current product availability, bonkSOL listing, current APY observation, Solana LST perimeter
• DefiLlama — Bonk Staked SOL survey record · secondary · accessed 2026-08-15
  Supports: current TVL, Solana-only perimeter, liquid-staking category, single tracked pool

Inherited controls

The verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.