We’re launching a @solana validator alongside @SentinelStake by @phaselabs_
The best part? 100% of validator revenue will be going to $ME stakers passively
When we go live in the coming days, anyone can deposit SOL or swap into meSOL to start earning
What you need to know 🧵
We believe validators should do more than just secure the network.
They should give back to the people building and interacting on it, the people holding it down.
We built ours differently.
Anyone can deposit SOL or swap into meSOL to earn.
Meanwhile, we earn validator revenue through block rewards + MEV capture… and pass that directly to $ME stakers.
Our validator revenue will be used to purchase $ME and be distributed bi-annually based on staking power over the 6-month period.
The higher your average SP, the higher your APY!
And to kick it off right:
For the first six months, $ME stakers will also receive yield from Magic Eden’s own 25,000 SOL self-stake, on top of validator revenue.
Our vision is to grow the validator alongside trusted partners to help secure the network, improve our products and deliver more value back to the community.
This is just the beginning.
Stake SOL. Stake $ME. Earn together.
Whether you’re here for the yield, the vision or both… thanks for being with us 🫡
26.69K
272
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.