Solana Ecosystem Biweekly Digest #3
Introducing the third installment of our Solana Ecosystem Biweekly Digest! Here, we bring you a comprehensive rundown of the thrilling advancements within the Solana community over the past two weeks. Be in the know about the newest innovations and successes in the world of Solana, ranging from launches to partnerships. Let’s delve into the news that’s shaping the Solana Ecosystem.
Solana Automated Native Staking with Marinade
Marinade Native brings smart, automated delegation to native SOL stakers, with a scoring system combining decentralization and performance. Any SOL staker, including those with locked SOL, can utilize it. The platform manages staking operations while users retain full custody of their SOL. Rebalancing is limited to 1% of the total SOL stake per epoch, but a new “redelegate” feature will improve flexibility. Users can revoke authority at any time. Marinade’s user-friendly dashboard simplifies the process. To get started, users can visit the Marinade DApp and follow simple steps. When unstaking, Marinade automatically merges stake accounts. Users can also convert native SOL to mSOL for DeFi opportunities. Marinade’s automated delegation offers an easy and secure way to participate in staking on Solana. Learn more in this article.
Meteora Dynamic LST Pools
Introducing Dynamic LST Pools, a solution to liquidity challenges for liquid staking tokens (LST). With stable and low-slippage pools, they aim to enhance LST adoption and boost Solana DeFi liquidity. By utilizing Meteora’s Dynamic Vaults, LPs can earn lending yield even during volume dips or the end of farming rewards. The risk is mitigated through constant monitoring and diversification across lending protocols. Dynamic LST Pools offer a sustainable way to grow liquidity and support deeper liquidity depth. Join the initiative to drive LST liquidity and adoption on Solana! Learn more in this article.
Helium Mobile Discovery Mapping
Introducing Discovery Mapping — a feature empowering users to contribute to the Helium Mobile Network by sharing their phone’s location data. By opting in, users have the chance to earn MOBILE token rewards while helping identify areas for additional network coverage. Privacy is respected, as mapping is exclusively opt-in, and rewards are shared equally among participants. This initiative allows users to make a real impact on mobile connectivity and build a people-powered network. More mapping opportunities and rewards will be introduced later this year. Join the Helium Mobile App to get started and be part of the revolution in mobile connectivity. Learn more in this article.
Drift Liquidity Provider
Introducing Drift Liquidity Provider (DLP), where users can add liquidity to perpetual markets and earn rewards in fees and funding payments. DLP offers customizable market choices and leveraged liquidity provision, while its unique vAMM system ensures dynamic performance. LPs take opposing positions to traders on Drift, automatically adjusting their positions. DLP differs from GLP in performance, liquidity mechanism, and customizability. Risks include potential losses, but DLP offers potential gains for advanced users. Create a separate subaccount for isolation and start participating in DLP for enhanced liquidity and rewards. Learn more in this article.
Sig by Syndica, a Solana validator client written in Zig
Sig is an optimized Solana validator implementation written in Zig, prioritizing reads-per-second (RPS) over transactions-per-second (TPS) for a better user experience. It aims to improve client diversity, fault tolerance, and accessibility, offering a simple-to-read codebase. Zig’s traction and technical advantages enable efficient implementation. Sig starts with optimizing the gossip protocol, a crucial component of any blockchain. Solana’s gossip protocol, based on PlumTree, will be enhanced with additional optimizations. Sig’s implementation will cover various other components to deliver improved performance and network efficiency. Learn more in this article.
In conclusion, the Solana blockchain ecosystem is experiencing significant advancements in staking automation, liquidity provision, mobile connectivity, and validator client diversity. Marinade Native, Meteora Dynamic LST Pools, Helium Mobile’s Discovery Mapping, Drift Liquidity Provider, and Sig by Syndica are all contributing to the growth and innovation within the Solana network. These developments offer users diverse opportunities to participate and thrive in the blockchain’s promising future.
About SolanaPrime:
SolanaPrime is a Solana-powered, fully decentralized IDO launchpad platform. It serves as the primary market gateway for the next generation of DeFi, GameFi, and Metaverse dApps to launch on the Solana ecosystem, either as direct token participation in the IDO or indirect exposure to SolanaPrime in its entirety.
Follow SolanaPrime’s social media channels to be at the forefront of the Solanaverse:
Telegram Official Community — https://t.me/SolanaPrimeOfficial
Telegram Announcements — https://t.me/SolanaPrimeAnnouncement
Discord — https://discord.gg/pAMHcwh6MX
Medium — https://medium.com/solanaprime
Twitter — https://twitter.com/solana_prime
LinkedIn — https://www.linkedin.com/company/solanaprime
