Introduction

In the evolving landscape of Solana's decentralized finance (DeFi) ecosystem, staking has emerged as a foundational mechanism for securing the network and generating yield. However, the current staking and liquid staking landscape on Solana is highly fragmented. Each LST (Liquid Staking Token) platform operates in isolation, with its own validator sets, token standards, interfaces, and yield flows. This fragmentation creates friction for both users and developers, limiting composability, increasing complexity, and fragmenting liquidity.

Refract addresses this problem by introducing a unified, modular yield routing layer for Solana. It serves as the yield baseplate, a programmable interface that allows users to stake SOL, select a backend strategy, and mint branded LSTs such as pxJITO, pxMNDE, or pxBLZE. These tokens are directly tied to specific strategies or platforms, giving users more transparency, flexibility, and control over their staking allocations.

At its core, Refract transforms staking into a composable primitive. By abstracting validator selection, LST issuance, and strategy execution into a single contract layer, Refract enables seamless integration with other DeFi protocols, simplifies UX, and supports both retail and institutional use cases. Whether you want to farm, lend, bridge, or build on top of LSTs, Refract makes it possible, all from one unified interface.

This whitepaper outlines the architecture, functionality, and potential of Refract. It serves as both a technical overview and a vision for a more modular, accessible, and interoperable yield ecosystem on Solana.