Directed Stake
Support a validator through Marinade Directed Stake using locked MNDE.
Overview
Directed Stake is a Marinade product that allows MNDE holders to choose a validator they want to support. The goal is to streamline stake allocation while enhancing control for MNDE holders and maximizing rewards for stakers.
Updated Marinade Delegation Strategy
Unified Stake Distribution through SAM
Marinade Finance is integrating Directed Stake into the Stake Auction Marketplace (SAM) to unify the stake distribution process, allowing 100% of Marinade’s TVL to be distributed through SAM, simplifying the staking experience for validators and stakers alike.
Linking MNDE Direction to Stake Cap in SAM
Validators will still benefit from MNDE Directed Stake, but now this will directly impact their potential stake cap in SAM:
Default Stake Cap: All validators will have a base stake cap of 2% of Marinade’s TVL.
MNDE-Enhanced Stake Cap: Validators can increase their stake cap beyond this base value depending on the amount of MNDE directed towards them. More MNDE means a larger stake cap, allowing validators to grow their stake allocation.
This system encourages validators to attract MNDE to increase their stake cap and actively participate in the community while reducing sybil attack risks.
How Directed Stake Works
Directed Stake allows MNDE holders to direct their stake to a validator. Here is how it works:
Selecting a Validator: Choose a validator you wish to support and complete the staking operation. This process will link your wallet to the selected validator, which will be tracked by our snapshot system. The locked MNDE in your wallet will be used to direct additional stake to this validator.
Single Validator Per Wallet: A wallet can only direct stake to one validator at a time. If you wish to support multiple validators, you will need to use multiple wallets.
Changing Validators: To change the validator you are directing your stake to, go to the governance tab and select 'Changed' to switch the validator of your choice, your wallet will now direct stake to the newly selected validator.
Stake Distribution Rules
Directed Stake controls a dynamic portion of Marinade's delegation, effectively integrated through SAM. Validators receiving stake from Directed Stake must meet the following conditions:
Commission Requirement: Validators must maintain a commission rate of 10% or lower over the last 10 epochs.
Blacklist Requirement: Validators must not be blacklisted by Marinade.
Eligibility Based on Score: Validators must have at least 80% of the score of the worst-ranked validator that receives Marinade's stake algorithmically.
Emergency Unstake: If a validator receiving stake through Directed Stake requires an emergency unstake, the validator will temporarily lose stake eligibility until they meet the criteria again.
SDK & API
Methods to use Directed stake have been added to Marinade's TS SDK:
You will be able to access data related to Directed stake using this API:
You may also find helpful information in the Delegation strategy API.
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