Wallets
Learn how wallets can enhance user experience by integrating Marinade’s staking solutions for secure, high-yield SOL rewards and increased liquidity.
Wallets are the epicenter of on-chain activity, serving as the “home screen” for every user. Holding assets in a wallet embraces self-custody, fundamentally contrasting with centralized platforms.
With wallets increasingly going mobile, people now have easier access to their crypto wallets at all times. As this trend continues, the usage of services directly integrated into wallets will also rise among retail and institutional participants alike.
For example, popular Solana wallets Phantom and Solflare reported having over 2 million MAUs in March 2024.
With greater usage comes greater competition, making it crucial for wallets to ensure easy access to the most popular services for users. This is where Marinade’s staking solutions really sizzle.
Staking is one of the most popular services in the entire crypto space, with over $200 billion in assets currently staked. This is partially due to the rise of liquid staking, which allows stakers to retain the liquidity of and earn a return on their assets while they help secure the Solana network. Over $50 billion is currently held in liquid staking protocols, making it the largest sector of DeFi.
In the Solana ecosystem, Marinade commands a large market share of the native and liquid staking market, with over $1 billion in total value locked (TVL). With the recent v2 upgrade, which aims to safeguard against smart contract and counterparty risks while increasing staking yield, current and prospective users have even more incentive to earn native SOL rewards with Marinade.
From a convenience perspective, making Marinade’s services easily accessible should be a top priority for any web3 wallet in the Solana ecosystem. Once Marinade has been integrated into any wallet, it can serve as a one-click solution from your web3 “home screen.”
Finally, staking promotes security and potentially decentralization of the Solana network. Making this more accessible for users around the world via wallet integration enables more SOL holders to contribute to the overall success of Solana.
