Marinade, the first non-custodial liquid and native staking protocol built on Solana, introduces the Stake Auction Marketplace (SAM), a public auction platform where validators can bid for staked SOL. This innovative approach to staking empowers Marinade users to capture all staking rewards while increasing yields.
In the current landscape, stakers are required to manually monitor validator performance, which is incredibly confusing and inefficient. On top of facing security vulnerabilities, stakers also experience irreversible reward losses when validators underperform or the node operator commissions change.
Marinade V2 was created to solve all of these challenges, with the goal of making staking easier, safer, and more widely accessible. By participating in the SAM, stakers automatically delegate their stake to an open market of validators to bid. This new feature will enhance yields beyond the current APY of 7.75% available from staking with a 0% commission validator, providing the best staking yield on the market. Furthermore, the APY could be as high as 9% when including MEV, priority fees, and any further revenue streams to boost staking rewards.
“This is a major milestone for Marinade and Solana, as V2 constructs a seamless staking experience that fuels greater ecosystem participation. Marinade is setting a new standard for Solana staking by eliminating smart contract risks through an automated delegation strategy,” says Michael Repetny, Core Contributor at Marinade. “As Solana’s first staking protocol, Marinade prides itself in being an ecosystem public good that prioritizes the community’s growth and advancement. The introduction of SAM will ultimately rebalance optimizing staking rewards for our users and support network decentralization simultaneously.”
Additionally, the launch of SAM will make staking on Solana more stable and censorship-resistant, ensuring that all participants receive the best staking rewards. A simulation of the SAM will be available at the end of June to test for the most efficient user interface. Looking ahead, live auctions will officially begin in August while bid distributions will occur in Q4.
Following the successful launch of Marinade Native and Protected Staking Rewards (PSR), SAM is the latest development of this major V2 upgrade. Marinade Native and PSR were designed to lower staking risks by guaranteeing 100% of staker rewards.
To learn more about Marinade, please visit https://marinade.finance
About Marinade
Marinade is a Solana native and liquid staking automation platform that monitors all validators and delegates SOL stake to a set of over 100 top-performing ones. Marinade is also the creator of Marinade Native, the first product on Solana that offers the performant and permissionless staking strategy of Marinade, but without the liquid staking smart contract.