CandleFocus Xandeum wraps up Solana staking program with 205M XAND distributed in rewards
2024-12-16
Author: Content Editor
Xandeum has successfully concluded its liquid staking program, distributing 205 million XAND tokens in rewards. The program achieved a 16% APY by utilizing a quadruple rewards system, attracting over $7 million worth of SOL to its staking pool. Xandeum's transparent governance and accessible staking model contribute to the strengthening of the Solana network. In addition to staking, Xandeum plans to launch its scalable storage layer in early 2025, which will unlock new use cases and revenue streams for stakers. Liquid staking is becoming a popular trend in Solana's ecosystem, offering greater participation in staking without sacrificing liquidity. The next step for developers is to create dapps and protocols that utilize liquid staking for various purposes.
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