BitGo Boosts Solana Staking Rewards with New Marinade Native Integration

BitGo is enhancing its Solana staking rewards programme via a new integration with Marinade Native, which allows clients to stake securely while keeping control of their assets. Marinade’s unique features, including a bidding system and protected rewards, aim to offer attractive returns for clients. On a wider scale, deal-making in the crypto industry is rebounding significantly following a downturn, particularly after regulatory changes sparked by past market disruptions.

In a significant move, cryptocurrency custodian and broker BitGo is ramping up its Solana staking rewards programme. This expansion comes with a new collaboration involving Marinade Native, a staking protocol engineered by Marinade Labs, a name well-known in the Web3 software arena. A press release issued on Monday, April 28, highlighted these developments.

According to BitGo, clients can now stake their Solana safely through their BitGo wallets by utilising Marinade Native. This integration unlocks attractive staking rewards while users retain complete control over their assets. Notably, Marinade Native differentiates itself with two unique features: the Stake Auction Marketplace (SAM) and the Protected Staking Rewards (PSR) system. When clients stake with Marinade, their delegations are not handed over to a single validator managed by Marinade; instead, multiple validators compete for the delegated Solana, ensuring higher-than-average staking rewards.

Moreover, the BitGo clients don’t have to worry about losing custody of their Solana when staking with Marinade Native. While they’re earning rewards, their Solana remains secure in their wallets, offering peace of mind. Marinade’s protocol also boasts protected staking rewards, which act as a safeguard for stakers against unexpected drops in validator performance, including issues like commission changes or downtime, as noted in the press release.

On a broader note, the cryptocurrency industry seems to be experiencing a resurgence, with 88 deals tallied this year amounting to an impressive $8.2 billion. This figure nearly triples the transaction value from 188 deals completed during all of 2024. Optimism is in the air, as Architect Partners’ founder Eric Risley expressed that a shift in attitude appears to be underway in the crypto sector, indicating a return to growth-focused strategies for established players.

It’s worth noting that the dip in deal-making activity followed the collapse of FTX, which ushered in an era laden with stricter regulations. However, since the election of President Donald Trump in November, there seems to be a renewed sense of hope. Having appointed crypto-friendly regulators and advocating for the U.S. to become the “undisputed bitcoin superpower,” Trump’s leadership could herald changes in the regulatory landscape, with Congress working on legislation aimed at providing a structured framework for digital assets.