Unlock the Power of SOL: Marinade Finance Launches Exciting New Staking Service!

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What is Marinade Native and How Does It Operate?

Marinade Finance, recognized for its highest total value locked (TVL) within the Solana ecosystem, has launched its inaugural native staking service, Marinade Native.

Introducing Marinade Native! Automate your SOL staking:

Automatic stake delegation to over 150 top-performing validators—no exposure to smart contracts—0% deposit fee (limited time offer)—0% performance/withdrawal fee (indefinitely)

🧵 Here’s how it functions: pic.twitter.com/R52FfnGBRT

— Marinade 🛡️ (@MarinadeFinance) July 19, 2023

This groundbreaking service enables users to stake SOL directly with more than 130 network validators effortlessly. This non-custodial solution offers users a risk-free pathway, eliminating the standard smart contract hazards linked with staking.

The initiation Base by Coinbase Faces Outage: Assurance of Fund Safety from the Team tackles two key obstacles in SOL staking: the necessity for numerous transactions and ongoing performance evaluation. It streamlines the experience, providing a straightforward method for staking with various validators, an approach that historically involved the risk of smart contract mistakes.

We understand that numerous institutional investors are weighing significant risk factors against returns, and for the first time, they can now take advantage of a stake delegation strategy without smart contract exposure.”

Cerba, a primary contributor to Marinade Finance, acknowledged these issues, stating:

“We understand that numerous institutional investors are weighing significant risk factors against returns, and for the first time, they can now take advantage of a stake delegation strategy without smart contract exposure.”

With nearly 97% of all SOL staked natively (approximately 370 million SOL), is positioned to seize an $8.1 billion market opportunity, attracting institutional investors who were earlier put off by the smart contract risks and high concentration risks tied to relying exclusively on one validator’s performance.

Generating Rewards with Marinade Native

This new service combines the strategic delegation concept from liquid staking with the advantages of native staking. Users maintain ownership of their staked SOL while earning an average yield of 7% APY* without management fees. Furthermore,  distinctive scoring system ensures the SOL is distributed among a reliable pool of validators.

The framework, which assesses validators based on yield, performance, and decentralization, directs the allocation of 60% of Marinade’s stake. Voting with MNDE and mSOL tokens determines the remaining 40%. Will provide additional MNDE incentives for a duration of one year, starting from August.

These incentives are anticipated to enhance the staking APY of Marinade Native beyond that of any singular validator.

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