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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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Marinade hires Fidelity Digital Asset Services founding president as chief commercial officer
The Solana staking marketplace Marinade has hired Hadley Stern, former president of Fidelity Digital Asset Services, as its chief commercial officer.
Stern will lead efforts to strengthen Marinade's staking solution and its position in the digital asset industry, according to a release shared with The Block.
Stern served as the founding president of Fidelity Digital Assets from 2016 to 2018. He also led Amazon Web Services' Innovation Lab for over a year starting in 2020 and served as global head of digital asset custody at BNY Mellon from 2021 to 2024.
"Stern’s deep understanding of digital asset management makes him the ideal candidate to facilitate public trust in Marinade and Solana," CEO Michael Repetny said in a statement. "Stern brings unique insights that align with our commitment to elevate the overall staking experience and further decentralize Solana. With Stern onboard we are confident Marinade will be the leading staking option for institutions with enhanced rewards, best decentralization, and best security model."
Marinade holds 7,453,450 SOL, valued at around $1.02 billion from over 147,500 stakers, according to its website. The protocol introduced its Stake Auction Marketplace (SAM), aiming to bolster yield, with bid distributions scheduled to occur by the fourth quarter of this year, The Block previously reported.
The token Marinade Staked SOL (MSOL) facilitates staking within the protocol's eco
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.