SOL Staking service by Marinade Finance is 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 Marinade Native Service.
Welcome to Marinade Native! Turn your SOL stand on autopilot:
Automatic stock representation for 150+ top performing brokers – No smart contract exposure – 0% deposit fee (limited period) – 0% performance/exit fee (forever)
🧵 Here's how it works: pic.twitter.com/R52FfnGBRT
— Marinade (@MarinadeFinance) July 19, 2023
The innovative service allows users to use SOL directly to access more than 130 network authenticators with a simple click. This non-security solution provides users with a risk-free approach, which is associated with common smart contract risks.
Marinade's native startup solves two significant challenges in SOL staking: the requirement for multiple transactions and constant performance monitoring. It simplifies the process, providing an easy way to lock in multiple verifiers, an approach that previously risked smart contract errors.
We recognize that many institutional investors are balancing important considerations of risk and returns.
Marinade Finance's main contributor, Serba, recognizes these problems:
“WMany institutional investors will find that they are balancing significant risk and returns, and for the first time can benefit from an equity proxy strategy with no smart contract exposure.
97% of the total SOL is indigenous (around 370 million SOL), bringing the marinade itself to an $8.1 billion market opportunity, attracting institutional investors previously wary of smart contract risk and high concentration. Based solely on the performance of one verifier.
The new service brings the strategic representation concept of liquidity squeeze and indigenous benefits. Users secure SOL holdings of shares while earning an average 7% APY* with no management fees. Additionally, Marinade's unique scoring system ensures that SOL is placed in a trusted pool of certifications.
The system, which evaluates validators based on productivity, performance and decentralization, leads the distribution of a 60% share of Marinade. MNDE and mSOL token voting will determine the remaining 40%. Marinade will offer additional MNDE incentives to the Marinade native for one year from August.
These incentives are expected to raise Marinade's native APY more than any individual authenticator.
Share this article
The information on or included in this website is obtained from independent sources that we believe to be accurate and reliable, but we make no representations or warranties as to the timeliness, completeness or accuracy of any information on or accessible from this website. . Decentralized Media, Inc. Not an investment advisor. We do not provide 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 be out of date, or may be incomplete or incorrect. We may, but are not obligated to, update any outdated, incomplete or inaccurate information.
You should not make an investment decision in an ICO, IEO or other investment based on the information on this website and you should never interpret or rely on any information on this website as investment advice. If you are seeking investment advice on an ICO, IEO or other investment, we strongly recommend that you consult a licensed investment advisor or other qualified financial professional. We do not receive compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities or commodities.
See full terms and conditions.
