Thursday, March 28, 2024
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Marinade and Orca Finance ban UK user access amid FCA regulatory concerns

Solana DeFi platforms Marinade Finance and Orca Finance restrict access for UK users due to FCA regulatory guidelines. Marinade Finance and Orca Finance, leading platforms in Solana’s decentralized finance (DeFi) ecosystem, have implemented geo-restrictions for users in the United Kingdom, citing the need for regulatory compliance. According to the site, the restrictions

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Solana Liquid Staking Tool Marinade Looks to Bolster Its Token Value With Staked SOL Capture

If all goes to plan, this “Open Door” could boost Marinade’s TVL sevenfold, Marinade developers told CryptoX. They want to drive more users into Marinade’s mSOL token, the so-called “liquid staking derivative” token that accesses the value of depositors’ locked away SOL tokens while they generate yield from securing the

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