The new project Xandeum has caught the crypto community's attention with its unique approach to staking on the Solana network, offering users a fundamentally different level of decentralization and profitability.
Innovations in SOL Staking
Launched in late October, Xandeum introduces xandSOL, the first multi-validator liquid staking token on the Solana platform. Unlike traditional staking, where SOL is locked with a single validator, xandSOL spreads the stake across multiple validators to provide greater decentralization and redundancy. This also allows participation in the DeFi ecosystem, maintaining token rights through liquid staking tokens that can be used in various applications.
Mo’ Validators, Mo’ Decentralization
By distributing stakes among a multitude of validators, xandSOL departs from the single-validator norm, enhancing Solana's decentralization and enabling more players to participate in the process. This not only mitigates centralization risks but also shares rewards among all involved. Such an approach prevents dependencies on single validators, a lesson learned from the FTX collapse in 2022.
What Xandeum Does for Stakers
Xandeum not only fortifies the system but also offers advantageous conditions for SOL holders. With a yield of up to 15% APY, users can expect higher returns compared to other protocols. Xandeum's introduced system includes MEV reward distribution among validators and stakers, ensuring equitable income, as emphasized by CEO Bernie Blume: “It’s an equitable system where everyone prospers.”
Xandeum is already proving its utility for Solana by onboarding new validators and strengthening the network. With the launch of a new data storage layer in 2025, Xandeum is poised to become a cornerstone of many economic operations within the ecosystem. Meanwhile, thousands of satisfied xandSOL stakers are already benefiting from the protocol's unique model.
