Marinade Announces Stake Auction Marketplace to ‘Boost Yields and Promote Solana Decentralization’
Marinade, Solana’s first liquid and native staking protocol, has announced the Stake Auction Marketplace (SAM) as a part of its V2 upgrade.
According to the press release shared with Cryptonews, SAM is the latest feature in the V2 upgrade, following the launch of Marinade Native and Protected Staking Rewards (PSR).
SAM is an open public auction platform where stakers delegate their SOL for validators to bid on.
This empowers users to maximize staking yields and make Solana more decentralized, the team remarked.
Live auctions will officially begin in August and bid distributions will happen in the fourth quarter.
Additionally, the team argued that the SAM launch would make staking on Solana more stable and censorship-resistant.
The move ensures that all participants receive “the best staking rewards.”
Notably, the team will provide a simulation of the SAM at the end of June. They plan to test for the most efficient user interface.
Before introducing the future of SOL staking, let's take a look at the past
APY has mostly stabilized around 7.5% over the last year
A respectable figure, but consistently higher yield is possible…
Stay tuned
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