2024-11-21 21:02 |
Solana-based storage and staking solution Xandeum has reached a significant milestone, with its liquid staking program surpassing $8 million in total value locked (TVL).
Over 30,000 SOL tokens are now staked through Xandeum, driven by its market-leading annual percentage rate (APR) of approximately 15%.
This figure is twice the APR offered by other Solana staking pools like Jito and Marinade.
Quadruple rewards drive Xandeum’s successXandeum’s liquid staking program sets itself apart by offering stakers a highly competitive APY, which is bolstered by a unique quadruple rewards system.
Stakers benefit from: Block rewards, Staking rewards, XAND token rewards, and MEV rewards.
Unlike traditional Solana validators that retain block and MEV rewards, Xandeum shares these with stakers, pushing total APY beyond 15%.
This equitable distribution model has attracted more than 2,700 wallets to its native Solana validator, with significant growth anticipated following the introduction of Xandeum’s scalable storage-integrated staking platform.
Expanding rewards through innovative storage solutionsXandeum’s CEO Bernie Blume highlighted the program’s success and its broader impact on the Solana ecosystem.
“The intense demand we’ve seen for the Xandeum staking program shows the level of interest in liquid staking on Solana,” Blume said.
“By fairly apportioning MEV and block rewards, we’ve pioneered an equitable system where everyone benefits while supporting Solana’s security and decentralization.”
The platform plans to further enhance its rewards by integrating a scalable storage layer directly into Solana RPC nodes.
This layer will allow Solana-based decentralized applications (dApps) to utilize large-scale data, opening new possibilities for data-intensive web2 applications transitioning to web3.
Revenue from these fees will also contribute to staking rewards, providing stakers with additional income streams.
Supporting Solana’s growth and decentralizationXandeum’s model aims to democratize Solana staking while bolstering the network’s decentralization.
Unlike other staking programs, Xandeum deposits all pool fees directly into the Xandeum DAO treasury, giving XAND token holders governance over these funds.
This ensures that the community retains a say in the platform’s direction and use of resources.
With its focus on fair rewards distribution and integration with scalable blockchain storage, Xandeum is positioning itself as a leader in the Solana ecosystem, supporting both its decentralization and long-term sustainability.
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