Solana Staking is More Profitable with SAM: Marinade's SOL Token Auction Platform

Bittime - Marinade, the liquid staking on Solana, has announced the arrival of the Stake Auction Marketplace (SAM), an innovative public auction platform. SAM is designed to increase staking yields and drive decentralization of the Solana.

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Through SAM, stakers can auction their SOL token delegates to competitive validators. Validators will compete to offer the highest interest rates, allowing stakers to earn more optimal returns compared to the current 9% APY offered by validators with 0% commission.

“Marinade V2 addresses these issues by making staking simpler, safer and more accessible for users. Stakers can automatically delegate their SOL to competitive validators, increasing their yield beyond the 9% APY offered by validators with 0% commission,” said Marinade's official statement.

SAM Aims at Increasing Network Decentralization

In addition to increasing yields, SAM also aims to increase the decentralization of the Solana network. With validators competing for delegation, no single validator will have too much control over the network. This will increase network security and resilience against attacks.

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Live SAM Simulation and Launch

For now, users can test SAM through simulations which will be available at the end of June. This simulation will allow users to understand how SAM works and how they can use it to increase their staking returns.

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Live auctions are targeted to begin in August, with distribution of auction proceeds to occur in the fourth quarter of this year. Users can sign up to receive notifications about SAM live launches on the Marinade website.

Conclusion

Marinade's Stake Auction Marketplace (SAM) is an innovative step to increase staking yields and decentralize the Solana network. This platform offers stakers the opportunity to obtain more optimal results and contribute to network stability and security.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.