Xandeum Liquid Staking Program Hits $8M Milestone with Industry Leading APY

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Xandeum Liquid Staking Program Hits $8M Milestone with Industry Leading APY

With its liquid staking program, Solana storage scaling solution Xandeum has achieved a new milestone. With Xandeums industry-leading APY of over 15%, more than 30K SOL, valued at over $8M, are now staked via the platform, and TVL is growing quickly. Compared to other liquid staking pools like Jito and Marinade, that is double the APY.

Solana users may utilize a liquid staking token with several use cases to engage in SOL staking via Xandeum‘s staking pool. With an average annual percentage yield (APY) of above 15%, the Xandeum staking pool has surpassed other top SOL staking programs. Since the switch to Xandeum’s storage-enabled liquid staking infrastructure, the number of wallets staked to the native Solana validator has already surpassed 2,700, and it is expected to rise quickly.

Because Xandeum has a quadruple rewards mechanism, its stakers may benefit from the largest SOL staking yield. Block rewards, staking rewards, XAND rewards, and MEV incentives are all included in this, increasing the overall APY to above 15% (as of writing). Xandeum is the first liquid staking protocol to programmatically distribute MEV and block rewards with stakers in order to increase overall APY, while Solana validators often collect these benefits.

Xandeum CEO Bernie Blume said:

“The intense demand we‘ve seen for the Xandeum staking program shows the level of interest in liquid staking on Solana. By fairly apportioning MEV and block rewards between stakers and validators, we’ve shown that its possible to pioneer an equitable system in which everyone prospers while contributing to the security and decentralization of the Solana ecosystem.”

During the bootstrapping phase of Xandeum‘s staking pool, stakers have had access to higher-than-normal XAND payouts, which has given Solana users even more motivation to stake their SOL. The scalable storage layer from Xandeum, which will soon be released and integrates directly with Solana RPC nodes, will increase incentives even more by giving applications that use the solution a portion of the costs they pay. With more benefits to come, it’s future-proof staking.

Exabytes of data will be accessible using Xandeums storage solution, enabling Solana dapps to grow. New use cases like moving data-rich web2 applications to web3 will be supported by this. Because it is scalable, inherent to smart contracts, and allows for random access, Xandeum was created to address the blockchain storage trilemma.

The expansion of LSTs on Solana is mostly due to the increase in TVL for Xandeum‘s liquid staking program. It’s also democratizing access to Solana staking and contributing to the networks further decentralization. Xandeum is leading the way in a more equitable staking strategy by sharing block rewards and MEV with SOL stakers. Furthermore, all pool fees are being sent by Xandeum straight into the Xandeum DAO treasury, which is governed by XAND token holders.

Xandeum is the first storage-enabled liquid staking platform in the world and a storage scaling solution for Solana. With the help of the XAND token, Xandeum is expected to introduce its network of storage providers in early 2025, bringing with it a significant advancement in decentralized Solana storage that will enable a new generation of dapps.