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Staking rewards, 3000 builders, ecosystem progress, and more ☀️
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Staking rewards, 3000 builders, ecosystem progress, and more ☀️
Following an eventful January, the Solana ecosystem continues to grow and thrive. With staking rewards enabled, Solana community members can now 🥩 The Solana community votes to enable Staking Rewards 🧰 3,000+ Builders participate in the Solana x Serum DeFi Hackathon 🦸♂️ Hxro chooses Solana to decentralize their on-chain derivatives platform 👩🚀 The Graph announces future integration of Solana 🌌 Raydium joins the Solana ecosystem 📊 Project Serum breaks 1 billion in volume since inception 🐳 Orca: The DEX for people, not programs, launches on Solana ☀️ Ecosystem Growth: 320M USDC-SPL, mobile staking, and new integrations | | 🥩 The Solana Community votes to enable Staking Rewards | | Through an on-chain governance process, Solana's community of validators voted to enable staking rewards and inflation. SOL token holders can earn rewards and help secure the network by staking tokens to one or more validators on Solana's Mainnet Beta. Anyone who holds SOL can stake with a stake-supporting wallet via SolFlare.com, which can be used with a Ledger Nano or a native SolFlare key file. Solana's initial inflation rate is 8% annually, decreasing by 15% year-over-year, reaching a long-term fixed inflation rate of 1.5% annually. Currently, 239.7M SOL is staked, up from 128M at the beginning of February. You can find more information around staking and review the full staking FAQ here. | | 🧰 3,000+ Builders participate in the Solana x Serum DeFi Hackathon | | The Solana DeFi Hackathon was announced on February 2nd with official hacking running from February 15th - March 1st. With up to $400,000 in prizes over 3000 registrants signed up to build the next revolutionary decentralized finance product on Solana. This hackathon was organized to bring together developers, designers, business operators, and entrepreneurs from around the world to push the DeFi ecosystem forward. Sponsored by projects like Aave, SushiSwap, Circle, and CoinGecko participants also have the opportunity to receive project specific grants for building on top of participating projects. You can learn more, review the judges, and enter your submission on the DeFi Hackathon page. | | | |
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