Xandeum, a storage scaling solution for Solana, announced that its liquid staking program has surpassed $8 million in total value locked (TVL). More than 30,000 SOL tokens are now staked through Xandeum, driven by an average annual percentage yield (APY) of over 15%. This APY is double that of comparable liquid staking pools such as Jito and Marinade.
The program allows Solana users to stake SOL while utilizing liquid staking tokens for various use cases. Xandeum’s quadruple rewards system—combining block rewards, staking rewards, XAND rewards, and MEV rewards—has contributed to its competitive APY. The protocol is the first to programmatically share MEV and block rewards with stakers, a feature aimed at enhancing fairness and decentralization.
“The intense demand we’ve seen for the Xandeum staking program shows the level of interest in liquid staking on Solana,” said Xandeum CEO Bernie Blume. “By fairly apportioning MEV and block rewards between stakers and validators, we’ve shown that it’s possible to pioneer an equitable system in which everyone prospers while contributing to the security and decentralization of the Solana ecosystem.”
More than 2,700 wallets have participated in Xandeum’s staking pool, with additional growth expected following the transition to its storage-enabled liquid staking platform. During the program’s bootstrapping phase, XAND rewards for stakers have been higher than usual, further incentivizing participation.
Looking ahead, Xandeum plans to integrate a scalable storage layer into its platform. This will allow Solana decentralized applications (dapps) to access exabytes of data, enabling new use cases such as migrating data-rich Web2 applications to Web3. Scheduled for launch in early 2025, the solution aims to resolve the blockchain storage trilemma by offering scalability, smart contract-native functionality, and random access support.
Xandeum’s staking pool fees are directed to the Xandeum DAO treasury, where XAND token holders exercise governance. This approach aligns with the platform’s commitment to decentralization and fair distribution of rewards.
For more details, visit Xandeum’s official website.
