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Socean is a stake pool built for the Solana blockchain. Participants supply SOL, Socean stakes it on their behalf, and issues a derivative token named SOCN that users can redeem for SOL whenever they choose. After that, SOCN can be applied to multiple activities, including lending/borrowing, liquidity provision, trading, and more. The Socean stake pool is designed to:
Release the value of staked SOL so it can be used across the Solana ecosystemBoost staking returns for usersMake it simpler to track, oversee, and manage stakeEncourage and reward validators using a merit-based, transparent approachStrengthen decentralization and censorship-resistance while maintaining Sybil-resistanceMove toward a fully-autonomous, data-driven, algorithmic stake pool over timeSocean will initially delegate in equal amounts to the top-performing N (~50) validators that are excluded from both the minimal security group and the minimal data center security group.
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