Pico Staked SOL
Moderate risk — standard Solana liquid staking pool with no novel mechanisms but limited documentation and strong competition from established providers.
Top Risks
1
Minimal dedicated documentation — protocol relies heavily on Sanctum and Solana ecosystem docs rather than its own specifications
2
Solana validator selection and delegation strategy is opaque, creating trust assumptions around operator competence
3
Competes in a crowded Solana liquid staking market (Marinade, Jito, Sanctum) with no clear differentiation, raising sustainability questions
4
Smart contract risk from the Sanctum pools on-chain program which underlies picoSOL operations
Risk Breakdown
Frequently Asked Questions
Is Pico Staked SOL safe to use?
Pico Staked SOL receives a B- risk grade (28/100) from Hindenrank, where lower scores indicate lower risk. Moderate risk — standard Solana liquid staking pool with no novel mechanisms but limited documentation and strong competition from established providers. Pico Staked SOL is a Solana liquid staking protocol that allows users to stake their SOL tokens and receive picoSOL, a liquid derivative that earns staking rewards while remaining usable in DeFi. Built on Sanctum's stake pool infrastructure, picoSOL's value appreciates over time as underlying SOL earns validator rewards. With approximately $11M in TVL, the protocol receives a B risk grade reflecting its use of well-established liquid staking patterns on Solana, though limited dedicated documentation and competition from larger providers like Marinade and Jito are notable considerations.
What are the main risks of using Pico Staked SOL?
The key risks identified for Pico Staked SOL are: (1) picoSOL operates in a highly competitive Solana liquid staking market with much larger alternatives — limited differentiation raises questions about long-term sustainability (2) The protocol relies on Sanctum's on-chain program rather than custom smart contracts, creating shared infrastructure dependency risk (3) Documentation is minimal, making it difficult for users to fully understand validator selection criteria and operational practices
What is Pico Staked SOL's risk score breakdown?
Pico Staked SOL scores 28/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 4/20, Oracle Surface: 0/10, Documentation Gaps: 7/10, Track Record: 6/15, Scale Exposure: 0/10, Regulatory Risk: 3/10, Vitality Risk: 8/10. The highest risk area is Vitality Risk at 8/10.
How does Pico Staked SOL compare to other Liquid Staking protocols?
Among 81 rated Liquid Staking protocols on Hindenrank, Pico Staked SOL ranks #27 by safety (lowest risk score = safest). Its 28/100 risk score and B- grade place it among the safer Liquid Staking protocols.
Has Pico Staked SOL ever been hacked or exploited?
Pico Staked SOL scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.
Last scanned 2026-02-26