Marinade + MEV, Part 3: Introducing mTransaction
Network upgrades on Solana introduce the possibility of priority transactions. Introducing mTransactions by Marinade. Here's how it works.
In Part 2 of Marinade + MEV, we illustrated Solana and its actors in the restaurant business. You had the cooks (validators), waitstaff (RPC providers) and the coveted, limited menu item, lobster (the limited-time trading opportunity).
We also pointed out some of the scaling issues this restaurant had and how it adapted by applying the following innovations:
These innovations have improved the system considerably. But there’s one problem: Most participants on Solana are not validators or have the ability to build a strong reputation to prioritize their transactions.
That's where Marinade comes to help. With long-lasting relationships and expertise, consider Marinade a concierge for Solana priority transactions.
And you are invited.
Meet mTransaction
mTransaction enables sending Solana transactions through successfully, even at busy hours and without SOL stake or running your validator. In theory, it is a transaction throughput marketplace—connecting users who seek the stake to send transactions with validators who have the excess stake to provide.
mTransaction takes users' transactions and delivers them at high priority to the block-producing validator. It helps Solana users to get their transactions through, no matter how busy the blockchain is, by routing the order through the network of participating validators.
Validators: Get more yield through mTransaction
The mTransaction service is built as a sidecar to the validator client and does not require validators to make any changes to their code. As such, it safely integrates with any version of the Solana client, including Solana Labs, Firedancer or Jito.
The priority transaction fees are collected, paid by the users, and distributed to participating validators.
Part of the collected MEV rewards can be distributed to the Marinade community as determined by the mDAO. The community could consider directing these rewards to mSOL, increasing the APY due to the additional revenue stream, or distribute to MNDE Chef NFT holders.
How users can send transactions with mTransaction
The mTransaction product by Marinade builds on top of the latest Solana network upgrades, such as QUIC and stake-weighted Quality-of-Service. The block-producing validator opens up 2,500 connections for others to communicate, 500 of those not requiring any stake to connect and 2,000 connections for the nodes backed by the SOL stake.
mTransaction provides the service to send the Solana transaction on behalf of the staked nodes. This prioritizes transactions that would otherwise be sent without any stake to back it and most likely failed to be executed.
Marinade updated its midyear roadmap in 2022 and shared its intent to continue building not only a more decentralized Solana, but contribute to a performant one, too. As a Solana-native protocol that is community-owned through DAO governance, MEV staking rewards for mSOL and mTransactions are the latest step in both creating a more robust blockchain but also a more prosperous DAO community.
The mTransactions product development is nearing completion, and Marinade is looking for beta users and validators to fine-tune it before launch. Interested in participating? Get in touch with a Master Chef here:
CONTACT: Transactions searchers | Solana Validators
