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BitGo Expands Solana Staking Program with Marinade Native Integration

BitGo has announced a significant expansion of its Solana staking program through a new integration with Marinade Native, a leading staking protocol developed by Marinade Labs. This development allows BitGo clients to stake SOL directly from their wallets while maintaining full custody of their assets. By leveraging this integration, users can access competitive staking rewards and contribute to the decentralization of the Solana network.

What Makes Marinade Native Unique?

Marinade Native stands out from traditional staking options due to two innovative features:

  • Stake Auction Marketplace: This marketplace enables multiple validators to bid for stake delegation, allowing users to maximize their rewards.
  • Protected Staking Rewards: Users are reimbursed for potential losses caused by validator underperformance, ensuring a more secure staking experience.

Validators participating in Marinade Native are required to commit to an on-chain bond, which serves as a safeguard against potential losses. This adds an extra layer of security for users staking their assets.

BitGo: A First in U.S.-Qualified Custodial Staking

With this integration, BitGo has become the first U.S.-qualified custodian to support Marinade Native staking. Institutions now have the ability to stake Solana securely, benefiting from full custody, compliance, and access to optimal rewards.

“BitGo is committed to providing the best infrastructure and highest potential rewards for our clients to engage with Solana’s explosive growth,” said Jake O., Head of Ecosystem Sales at BitGo.

Non-Custodial Staking for Institutions

Michael Repetný, CEO of Marinade Labs, highlighted the importance of this collaboration: “Offering fully non-custodial staking through BitGo makes it easier for individuals and institutions to access Solana’s staking economy while maintaining full asset control.”

Since its inception in 2023, Marinade Native has rapidly become one of Solana’s largest staking platforms, with over 4.48 million SOL in total value locked. This partnership with BitGo is a significant step forward in driving institutional adoption of secure, non-custodial staking solutions on the Solana network.

Key Benefits of BitGo’s Solana Staking Integration

Here’s why this integration is a game-changer for the staking ecosystem:

  • Institutional-Grade Security: BitGo ensures that users maintain full custody of their assets while staking.
  • Enhanced Rewards: The Stake Auction Marketplace optimizes validator selection for higher returns.
  • Decentralization: By supporting Solana’s network growth, users contribute to a more decentralized blockchain ecosystem.
  • Risk Mitigation: Protected Staking Rewards safeguard users from potential validator underperformance.

This integration underscores BitGo’s commitment to delivering innovative and secure solutions for its clients while supporting the growth of the Solana network.

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