Marinade Announces 2024 Plans: Launch of Staking Auction SAM

Bittime - Marinade, the leading DeFi protocol in the Solana ecosystem, announced their roadmap update for 2024. According to the latest plans, the Stake Auction Marketplace (SAM) based delegation platform will officially launch on August 14, Beijing time. This launch marks an important milestone for Marinade in its efforts to increase efficiency and transparency in the Solana staking system.

SAM Innovation: Introducing the SOL Staking Offering Process

The SAM system is the first innovation that allows validators on the Solana network to bid for SOL stakes. This feature gives validators the opportunity to share potential profits with their delegators. Benefits that can be obtained include MEV (Maximal Extractable Value), transaction fees, bandwidth access, and other possible benefits in the future. With this mechanism, Marinade hopes to optimize the staking process and provide greater incentives for delegators.

SAM's Role in Increasing Participation and Rewards

More than 70 validators are currently actively involved in the bidding process on SAM. With this system, it is hoped that the staking level will reach 100% of the available inflation reward potential, thereby maximizing benefits for all participants. MEV income generated from staking will go directly to stakers, offering better opportunities to earn rewards.

Marinade Initiative for the Third and Fourth Quarters

Marinade's plans for the third quarter of 2024 include the launch of an incentive report generator. This tool is designed to assist users in monitoring and taking advantage of various incentive opportunities offered by the staking system. Additionally, the fourth quarter will see the launch of several new features, including instant unstaking, accelerated SAM base delegation, as well as a staking recommendation program. This innovation aims to make the staking process more flexible and user-friendly.

Accelerated Implementation of Instant Unstaking and Basic Delegation of SAM

One of the new features that will be launched in the fourth quarter is instant unstaking, which will allow users to withdraw their stakes more quickly and easily. Additionally, SAM's accelerated basic delegation will make it easier for users to select validators and optimize their staking allocation. A staking recommendation program will also be introduced to help users make better decisions based on data analysis and performance-based recommendations.

Impact of SAM Launch on Solana Staking Ecosystem

The launch of SAM and other initiatives is expected to bring significant changes in the Solana staking ecosystem. By providing a more efficient and transparent platform, Marinade is committed to facilitating continued growth in the blockchain community. This initiative aims to create a more inclusive environment and provide greater benefits for all stakeholders on the Solana network.

Marinade's Commitment to Innovation and Transparency

Marinade continues to show its dedication in presenting innovative solutions that support the development of blockchain technology. With the launch of SAM and ambitious plans for 2024, the company hopes to increase staking adoption and strengthen their position in the Solana ecosystem. This effort not only aims to increase efficiency but also to promote transparency and inclusivity in the staking process.

Awaiting SAM Launch and Long Term Implications

With the launch of SAM fast approaching, participants in the Solana ecosystem can look forward to major changes in the way they engage in staking. This initiative is expected to open up new opportunities, increase efficiency and provide greater rewards for all parties involved. Marinade hopes that these steps will make a significant contribution to the long-term growth and success of the Solana network.

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