pawSOL
All liquidity of tokens launched is paired against pawSOL rather than SOL. pawSOL is a liquid stake token (LST), which means that 1 pawSOL represents liquid staked SOL. When the stake pool was launched, 1 pawSOL was equal to 1 SOL. Due to staking rewards, 1 pawSOL slowly gains in value compared to SOL, as the staking rewards are embedded into the token price (relative to SOL).
The SOL is staked to the Sandy validator, meaning the liquidity of every project launched on the launchpad contributes to the Sandy project by staking its liquidty to the validator. This is a win-win for everyone:
For the Sandy project, it means more SOL is staked to the validator. That means that through validator staking commission, funds are available for buy & burns and donations to dog shelters following the tokenomics outlined in the Sandy gitbook.
For token creators and holders, it means that the token price increases without buys. Suppose a token called DOG is paired to SOL. The DOG/SOL pair tied to the value of SOL, and the value of DOG goes up and down in value as SOL goes up and down in value. If the token was instead paird to pawSOL, so a DOG/pawSOL liquidity pair, the token price is tied to pawSOL, and pawSOL is steadily increasing in SOL price due to staking rewards. That means that the liquidity inside the DOG liquidity pool is actually receiving staking rewards!
The Sandy validator consistently ranks as one of the high performing validators.
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