Marinade’s sponsored prize for the Solana Riptide Hackathon 2022
Marinade is entering February in building mode but also with a sense of reflection. It was less than a year ago at the Solana x Serum DeFi IGNITION Hackathon when the Marinade vision began.
Marinade is entering February in building mode but also with a sense of reflection. It was less than a year ago at the Solana x Serum DeFi IGNITION Hackathon when the Marinade vision began.
Remember that first Medium post last March? Marinade announced its working prototype of a liquid staking solution on Solana.
The rest is history. Time sure flies when you’re chewing glass.
Following Marinade’s 3rd place finish at Solana x Serum, the team launched its mainnet by August. By early January of this year, Marinade had reached the №1 Solana project based on TVL for the first time. The success of liquid staking at Marinade, which applies the Solana Foundation delegation strategy designed to further secure and decentralize the network, has positively impacted Solana itself by helping elevate its Nakamoto Coefficient to 20 as of January, 2022.
It’s been an exciting 11 months in the kitchen. And now, enter the Solana Hackathon 2022 event: Riptide.
This year’s Riptide hackathon, Feb. 2 — March 17th, is taking place virtually and IRL at Hacker Houses around the world from Seattle to Moscow. Companies and VCs have put up over $5 million in prizes. These companies are bullish on the potential of Solana and range from global web and payments companies like Visa and Google to Solana-native protocols like Marinade.
Marinade’s prize for the 2022 Riptide Hackathon
This year, Marinade is proud to judge and sponsor a $30,000 cash prize in Riptide. Devs, here is your mission:
One of the most effective ways Marinade can grow its TVL and thus further secure and decentralize Solana is through integrations across Solana DeFi and DAOs. While a one-click solution to promote DAO staking has already been integrated into the spl-governance UI and the Solflare wallet, Marinade seeks to extend its reach by inviting developers to contribute towards integrating its liquid staking SDK into other Solana platforms.
Marinade is eager to see advancement in the DeFi space in this year’s Riptide event by further securing and decentralizing Solana and will personally judge submissions and award $30,000 to the winner.
Developers can register for RipTide individually or as a team. For more details on Marinade’s project, please contact: Discord: MjCage#4347 | Telegram: @MjCage.
There has never been a better time to chew glass. Good luck to all the devs in this year’s Solana Riptide Hackathon!
About Marinade
Marinade.Finance is the first non-custodial liquid staking protocol built on Solana. Stake your SOL tokens with Marinade and receive mSOL (“marinated SOL”) tokens in return that can be used in decentralized finance (DeFi). mSOL is the most widely integrated collateralized version of SOL. The price of mSOL goes up relative to SOL each epoch, with rewards being accrued into the underlying staked SOL.
Marinade’s delegation strategy stakes in 400+ validators that are selected automatically by an open-source, fair formula based on performance, commission, and decentralization.
Marinade includes mSOL->SOL swap, so you can “Unstake Now” and receive your SOL immediately for a small fee. You can also directly exchange between mSOL and SOL on secondary markets at the current rate. Finally, you can unstake your SOL with zero fee by waiting 2–3 days for the Solana cool-down period (Delayed Unstake).
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