There is a sandwich transaction on @solana every 4 seconds. Since March 2024, new 3rd party mempools have emerged on Solana. Unfortunately, many were designed with a harmful intent: sandwiching user transactions. Let's break down how this works and why it’s a problem. 🧵👇
- 1/ When @LidoFinance entered @solana in 2021, many asked how a community-bootstrapped project without any VC funding like @MarinadeFinance could even stand a chance. Now that Lido has announced to sunset their Solana operations, it's time to share the untold story 🧵👇
- When I discovered Solana, I was coming off ETH DeFi summer, setting my alarm for 3 AM to get a transaction through without getting wrecked on gas. That’s when I knew: Ethereum wasn’t it. A friend pointed me to Solana, and I jumped into a hackathon where @MarinadeFinance was born.
- 1/ What’s the current state of @Solana staking? (Part 1, Economics 💰) How does value flow between delegators and validators? Given the pie is only as big, how many of the ~2,000 validators actually operate at a sustainable profit? Let's see 👇 🧵
- 1/ 2023 was challenging for the @solana ecosystem and even more so for @MarinadeFinance with its bootstrapped nature. Marinade kicked off 2023 at 6M SOL TVL and finished January with the most significant monthly loss ever—$150K.👇 🧵
- Replying to @mert @SolanaFloor and @MarinadeFinancewrong, let's count together: 7.52% (inflation) + 3.25% (jito tips) + 1.58% (block rewards) = 12.35% APY total staking yield block rewards (1.58% APY) go 100% to validators, while Marinade's auction lets validators share these back to stakers that's where the yield comes from
00:00- 1/ In Q4 2024, @solana validators have captured $161M in transaction fees, making up 64% of their total revenue! 🚀 With no in-protocol way to share these fees, stakers miss out on this fastest-growing reward stream. So, how can they claim their share? Let’s dive in. 👇
01:10- For the past year we’ve worked tirelessly to bring more institutions to Solana Not just to hold SOL, but to participate in the network itself Today we are making history Marinade Select is live, and named as the official and exclusive staking provider in @CanaryFunds proposed










