Solana Institutional - August 2024

Institutional updates from Solana ecosystem

Solana staking hits fever pitch as Marinade Finance launches Stake Auction Marketplace (SAM) to offer the best risk adjusted rewards to stakers. Gross APRs hit 10.60% as validators bid for stake.

Ecosystem Events

Breakpoint, Stakepoint and Velocity are just around the corner.
Meet us in Singapore to celebrate Solanaโ€

Velocity - Institutional Finance Summit - Join us

Stakepoint on the 19th - a day to celebrate staking on Solana - Join us

Solana Breakpoint arrives in Asia - Get ready for action in Singapore - Join us

And many more amazing side events from the Solana ecosystem - brace yourself

Ecosystem Updates

Maple: An institution-grade lending platform

Syrup, the new permissionless lending protocol from the Maple Finance team, crossed 75M in TVL and continued to outperform major yield protocols including Aave, Ethena, and Spark. The first DeFi integrations are live including a Balancer sDAI:syrupUSDC pool as well as the ability to borrow against your Syrup pool tokens via Ajna.

Marinade: A staking solution provider on Solana with over 8M SOL TVL

Marinade launched SAM - Stake Auction Marketplace that will offer the best risk adjusted returns for stakers on Solana. Gross APRs ranging between 9%-10.5%.

Drift: Perpetual Swaps on Solana

Introducing BET: The First Capital-Efficient Prediction Markets on Solana

Bet bigger on the future.
Hedge on a unified platform.
Earn yield from your positions.

Obligate: Structured products on Solana

At Obligate, we are refining the blend of sophistication and accessibility by harnessing the advanced capabilities of Solana. Our forthcoming development is meticulously designed for discerning investors who seek innovation within a robust and secure framework.

We welcome you to join our Lightning Talk at the Solana Breakpoint Conference in Singapore (21st September), where we will disclose further details. While we are withholding specifics for now, this initiative is set to redefine perspectives on structured products. Stay tunedโ€”thereโ€™s more to come.

Pyth: Smarter data for smarter contracts

The Pyth Price Feeds are now available on Soneium, a new blockchain developed by Sony on the Optimism stack

Parcl: Institutional grade ecosystem for real-time real estate data, analytics and liquidity

Parcl and Truflation Partner to Revolutionize Real Estate and Housing Data Access On-Chain. Truflation will be leveraging Parcl's advanced housing data API to provide users in the US and UK with accurate information on their real costs of home ownership and renting, empowering them to make informed financial decisions.

There is a vote live on the Parcl DAO to launch Dubai as the first-ever international market launched on Parcl!

Etherfuse: Institutional-grade blockchain bonds

Etherfuse secures Weekly Independent Attestations ensuring continuous transparency in a market where many tokenized RWAs and stablecoins often fall short.

Elmnts: Commodities tokenization and lending

Elmnts' Pre-Seed Funding is official

Solana Top Headlines of the month

ETFs

Staking

Stablecoins