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Showing posts with the label staking program

Solana’s Network Strain Paves the Way for Solaxy as a Layer-2 Solution, Surging to $14.6M in ICO

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Solaxy, a leading solution for mitigating Solana’s network congestion, has secured $14.6 million in funding, reflecting strong investor confidence. Recognized for its ability to optimize transaction flow, Solaxy is essential for ensuring seamless and cost-effective transactions, especially during periods of high network demand. The recent surge in cryptocurrency activity has highlighted the need for scalable solutions like Solaxy to preserve Solana’s renowned speed and efficiency. Solaxy’s $14.6 million raised signals the future of meme coins on Solana’s layer-2 Solaxy is quickly becoming one of the most talked-about meme coins on the Solana blockchain, known for its speed, scalability, and growing potential. As meme coins continue to gain popularity across various blockchains, Solana has emerged as a prime platform for launching these tokens, with Solaxy leading the charge. Having already raised $14.6 million, Solaxy’s growing appeal underscores its p...

Xandeum wraps up Solana staking program with 205M XAND distributed in rewards

Xandeum has wrapped its six-week liquid staking program with a bunch of solid benchmarks. Distributing 205 million XAND tokens in rewards, the program saw more than 68% of available XAND staked by users, who were able to earn a 16% APY. Xandeum’s liquid staking program was able to achieve this level of APY through a quadruple rewards system that includes staking rewards, MEV rewards, block rewards, and XAND incentives. By distributing these rewards equitably, Xandeum has shown that there’s scope for liquid staking to grow on Solana and become a mainstay of its decentralized finance economy. Picks for you Bitcoin pumped to $106,000 on Sunday; Is a crash bound for Monday? 17 mins ago 'We are in a 2-5 year shot clock’ to crack Bitcoin, wa...