Prague, Czech Republic – Marinade, Solana’s groundbreaking protocol for non-custodial liquid asset lending, has launched the Stake Auction Marketplace (SAM), an innovative public auction platform. SAM allows validators to bid on resident SOL, aligning the interests of SOL stakers, validators, and the broader Solana ecosystem.
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What is SAM? SAM is revolutionizing staking by allowing Marinade users to earn all the staking rewards while increasing yields. Traditionally, stakers have to manually track validators’ performance, putting security and rewards at risk when validators underperform or change commissions. Marinade V2 addresses these issues, making spawning easier, safer and more accessible.
Key Features of the Stock Auction Marketplace (SAM)
Automated Delegation: Stakers can automatically delegate their SOL to a competitive market of validators, increasing returns beyond the current 9% APY of a validator with a 0% commission. Including MEV, priority fees and additional revenue streams, the APY could reach as high as 9%.
Increased efficiency: SAM eliminates the need for manual monitoring, ensures optimal wagering rewards, and reduces smart contract risks through an automated delegation strategy.
Michael Repetny, core contributor at Marinade, stated:
“This is an important milestone for Marinade and Solana. V2 constructs a seamless staking experience that encourages greater participation in the ecosystem. Marinade sets a new standard for Solana staking by eliminating smart contract risk through an automated delegation strategy.”
Michael Repetny, core contributor at Marinade
“As Solana’s first staking protocol, Marinade is proud to be an ecosystem of public good that prioritizes community growth and progress. The introduction of SAM will ultimately strike a balance between optimizing staking rewards for our users while enhancing decentralization of the network,” Michael added.
Improving stability and decentralization
SAM also aims to make betting on Solana more stable and censorship-resistant, so that all participants receive optimal betting rewards. A simulation of SAM will be available in late June to test the user interface, with live auctions starting in August and bid distributions planned for the fourth quarter.
SAM is part of Marinade’s major V2 upgrade, following the successful launch of Marinade Native and Protected Staking Rewards (PSR). These initiatives reduce staking risk by guaranteeing 100% of staking rewards. Marinade is a Solana-native liquid staking automation platform that monitors and delegates SOL stakes to over 100 top-performing validators.
For more information, visit Marinade.