BasedApp vs Sanctum Validator LSTs

BasedApp is an omnichannel crypto trading and spending platform built on Hyperliquid, the leading decentralized exchange offering best-in-class liquidity. It enables users to trade spot and leveraged crypto assets with real-time settlement on decentralized order books, while maintaining full self-custody — BasedApp never holds or transfers your funds. The platform also integrates smooth banking on- and off-ramps in USD and SGD, alongside a Visa card for everyday crypto spending. Backed by Ethena Labs, BasedApp bridges DeFi performance with fintech usability, giving traders and investors a seamless way to manage, trade, and spend their assets across the Hyperliquid and HyperEVM ecosystems.

Sanctum wraps stake from 40+ individual Solana validators into a suite of liquid staking tokens such as bSOL and jSOL. Its validator set auto‑rebalances to maximise yield and skip validators exceeding delinquency thresholds. All contracts are upgrade‑locked with a 72‑hour timelock controlled by the Sanctum council.