Latest news with #Marinade
Yahoo
21-05-2025
- Business
- Yahoo
Canary Amends SOL ETF S-1, Lists Exclusive Staking Provider
Canary Capital Group has amended its S-1 filing with the Securities and Exchange Commission for its Solana exchange-traded fund to name Marinade Select as its exclusive staking provider, reflected in the fund's new name: Canary Marinade Solana ETF. 'To our knowledge, this is the first SOL ETF to name a staking provider in a filing,' a spokesperson on behalf of Canary told In a statement posted to its website, Marinade called the move 'a major milestone for Solana' and 'a defining moment for institutional staking.' Staking refers to a method in which crypto investors can earn rewards on their investments via a blockchain network. Solana—the sixth-largest crypto asset by market capitalization (currently around $90 billion), according to data from CoinMarketCap—is a blockchain platform. SOL is its native token. Since the launch of spot Ether and Bitcoin ETFs, firms have been clamoring to bring a spot SOL ETF to the U.S. market. Fidelity Investments, for example, is looking to debut an ETF that tracks the price of SOL, according to a 19b-4 form filed by Cboe Exchange with the SEC in March. The first spot Solana ETF in North America launched in Canada last month. The proposed fund from Canary would provide investors exposure to SOL while participating in the staking rewards generated through Solana's proof-of-stake mechanism, according to Marinade's announcement. 'To enable this, Canary Capital amended its S-1 filing to include solana staking and named Marinade Select as its exclusive staking provider, establishing a precedent-setting structure for compliant, yield-bearing crypto ETFs,' the firm added. The fund intends to stake a portion of its assets through one or more staking providers, and Marinade Finance is expected to be the exclusive staking provider for at least two years, according to the | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
05-05-2025
- Business
- CNBC
Nine Senate Democrats pull support for stablecoin bill, putting future in doubt: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin falls to start the week. And, a group of Senate Democrats say they would now oppose the chamber's GENIUS Act stablecoin regulation bill in its current form, even though some of them previously backed the legislation. Plus, Hadley Stern, chief commercial officer at Marinade, weighs in on the potential timeline for stablecoin legislation in the U.S. following that hiccup.
Business Wire
28-04-2025
- Business
- Business Wire
BitGo Launches Expansion of Solana Staking Rewards With Marinade Labs
NEW YORK--(BUSINESS WIRE)--BitGo, the leading custodian and prime broker for Solana, today announced the expansion of its Solana staking rewards program through a new integration with Marinade Native, one of Solana's most popular staking protocols developed by web3 software development company Marinade Labs. BitGo clients can now start staking their Solana securely from within their BitGo wallets using Marinade Native, unlocking highly competitive staking rewards while maintaining full control of their assets. Two elements of Marinade Native set it apart from other staking options: its Stake Auction Marketplace (SAM) and its Protected Staking Rewards (PSR). When a BitGo client stakes with Marinade, they are not delegating to a validator run by Marinade. Instead, multiple validators bid on the delegated Solana. Marinade's protocol passes validator rewards back to the user, giving them a higher-than-market-average staking rewards rate. Additionally, BitGo clients retain custody of their Solana while staking with Marinade Native; staking rewards are earned while their Solana remains securely in their wallets. Marinade's staking protocol is also embedded with protected staking rewards. This feature protects Marinade stakers, as it reimburses stakers for any unexpected underperformance of a validator in the stake pool (such as through commission changes or prolonged downtime). Validators that partner with Marinade sign onto an onchain bond with Marinade. This is done through an onchain bond created by Marinade, and each validator in the pool is required to cover 100% of the rewards lost when their uptime falls between 50% and 99%. '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. 'Through our integration with Marinade, our clients can stake Solana with confidence while contributing to the decentralization and security of the network.' 'Anyone invested in the future of Solana should be staking,' said Michael Repetný, CEO of Marinade Labs. 'And when ecosystem leaders like BitGo make a fully non-custodial option available for them to do so, it makes it easier for everyone - from individuals to institutions - to tap into Solana's staking economy. BitGo clients maintain complete control of their assets while staking with Marinade and contribute significantly to the security and decentralization of the Solana blockchain thanks to the automatic delegation of their stake to a diverse set of well-vetted, high-performing validators.' "This integration with BitGo is a testament to how far staking, especially institutional-level staking on Solana, has come. It's now a core component of institutional cryptoasset investment strategies," said Hadley Stern, CCO at Marinade Labs. "By working with a trusted qualified custodian like BitGo, we're ensuring that institutions have the secure, transparent, and non-custodial solutions they need to participate in the staking economy with confidence." Since its launch last year, Marinade Native has rapidly grown to become one of the largest staking solutions on Solana, offering institutions and retail users a way to stake securely while reinforcing the decentralization of the Solana network. More than 4.48m Solana in TVL has been staked through Marinade Native to date. About BitGo BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit About Marinade Labs & Marinade Native Marinade Labs develops staking technologies that strengthen Solana. In 2021, our protocol was the first to bring liquid staking to the network; today, our sophisticated, high-performance staking delegation platform brings billions in liquidity and security to the Solana market. We have solutions for both DeFi and TradFi, including liquid and native staking and direct enterprise integrations. Our best-in-market features include SOCII compliance, user downside protection (through protected staking rewards) and optimized delegation (via our automated auction marketplace). Cryptoasset investors worldwide, from individual traders to global institutions, use Marinade to earn rewards on their SOL treasuries and holdings. We are headquartered in New York, with offices in the European Union, including Prague. To learn more about Marinade, visit
Associated Press
19-03-2025
- Business
- Associated Press
Deelabs Debuts First Public Research Report: 'An Asymmetric Bet On Solana'
Deelabs, a crypto-native advisory firm specializing in ecosystem development with active public contributions to the governance of major protocols including Arbitrum, Optimism and Ethena has published a research report titled 'An Asymmetric Bet On Solana: The Case For Marinade.' The comprehensive analysis identifies Marinade Finance as potentially the most compelling asymmetric opportunity within the Solana ecosystem, highlighting the protocol's unique positioning to capture institutional capital flows through its non-custodial native staking solution. Prior to this publication, Deelabs had already established its reputation in the blockchain space, having been recognized and referenced by prominent industry figures including Arthur Cheong (Founder & CIO of DeFiance Capital), Andre Cronje (Co-Founder & Architect at Sonic Labs and Founder of Yearn Finance) and Zion Thomas (Ansem). The report has gained additional traction after being shared by Marinade Finance itself, further validating the firm's analytical approach. 'Our research approach and thesis formulation have been solidified through private research initiatives and analyses that delivered meaningful outcomes,' said a Deelabs spokesperson. 'While continuing our private research efforts, we're now expanding to share select insights with the broader community.' Deelabs' research arm has previously identified several notable early opportunities, including Virtuals at $100M fully diluted valuation (FDV), Aerodrome at $20M FDV, and Coinbase at a market capitalization of $17.5B—all of which reportedly validated the firm's analytical framework. The newly released report on Marinade Finance represents what Deelabs considers an asymmetric opportunity within the Solana ecosystem, offering detailed analysis of the protocol's technology, functionality, and market positioning. The research highlights several key findings: Despite controlling 14% of Solana's liquid staked tokens through mSOL and an additional 65% (267 million SOL) through its native staking solution, Marinade's low market capitalization and fully diluted valuation reflects a significant undervaluation compared to its competitors such as Jito * Marinade's non-custodial native staking solution uniquely positions it to capture institutional and government Solana holdings, offering enhanced security without sacrificing yield * The protocol delivers consistently higher APY (10.12%) compared to cits ompetitors while maintaining superior security and validator distribution * Strategic moves including joining the Solana Incubator in New York and hiring former Fidelity Digital Assets executive Hadley Stern signal an institutional focus that aligns with growing interest in Solana The report also examines imminent catalysts including potential Solana ETF approvals, the protocol's existing partnership with Bitwise for European staking products, ongoing governance proposals to enhance token utility, and the strategic positioning within the broader Solana DeFi ecosystem. As a result of its successful private research initiatives, Deelabs has received significant interest from institutional capital allocators, which has partially motivated the shift toward publishing select research pieces in a more public capacity. As an end-to-end service provider in the crypto space, Deelabs offers ecosystem development, growth marketing, research, operations support, software development and other services to enterprises, foundations, and DAOs building in the blockchain space. The firm emphasizes that while its research aims to highlight interesting initiatives and showcase analytical frameworks, all published materials should not be considered financial advice. About Deelabs: Deelabs is a crypto-native agency that helps large-scale enterprises, foundations, and DAOs scale, grow, and cultivate decentralized, onchain ecosystems. With expertise spanning governance, marketing, research, operations, and development, Deelabs has demonstrated success in increasing on-chain activity, governance participation, and developing effective funding initiatives across various ecosystems.
