SOL Staking Service by Marinade Finance Now Live

SOL Staking Service by Marinade Finance Now Live


Share this article

Marinade Finance, the project with the highest total value locked (TVL) in the Solana ecosystem, has introduced its first-ever native staking service, Marinade Native.

The innovative service allows users to stake SOL directly with over 130 network validators with a simple click. This non-custodial solution provides users with a risk-free avenue, removing the typical smart contract risks associated with staking.

The launch of Marinade Native addresses two significant challenges in SOL staking: the requirement for multiple transactions and constant performance monitoring. It simplifies the process, offering an easy route for staking with multiple validators, an approach that previously carried the risk of smart contract errors.

we recognize that many institutional investors are balancing important risk considerations with returns, and for the first time they can now benefit from a stake delegation strategy with no smart contract exposure.” 

coinbase

Cerba, core contributor of Marinade Finance, recognized these problems, stating: 

“We recognize that many institutional investors are balancing important risk considerations with returns, and for the first time they can now benefit from a stake delegation strategy with no smart contract exposure.” 

With approximately 97% of all SOL staked natively (amounting to around 370 million SOL), Marinade Native is positioning itself to tap into an $8.1 billion market opportunity, attracting institutional investors who were previously discouraged by the smart contract risk and high concentration risk associated with depending solely on one validator’s performance.

The new service brings together the strategic delegation concept of liquid staking and the benefits of native staking. Users retain custody of their staked SOL while gaining an average yield of 7% APY* with no management fees. Moreover, Marinade’s unique scoring system ensures the SOL is allocated across a trusted pool of validators.

The system, which evaluates validators based on yield, performance, and decentralization, guides the distribution of 60% of Marinade’s stake. MNDE and mSOL token voting determine the remaining 40%. Marinade will be offering additional MNDE incentives for Marinade Native for a year, starting from August.

These incentives are expected to lift the staking APY of Marinade Native beyond that of any individual validator.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest