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Socean is a stake pool for the Solana blockchain. Users deposit SOL, Socean stakes it for them, and give them a derivative token called SOCN that can be redeemed for SOL at any time. The SOCN token can then be used in several different use-cases, like lending/borrowing, liquidity provision, trading, etc. The goals of the Socean stake pool are to:
Unlock the value of staked SOL for use in the Solana ecosystemImprove staking returns for usersIncrease the ease of monitoring and managing stakeIncentivize and reward validators in a meritocratic and transparent mannerIncrease decentralization and censorship-resistance, without compromising Sybil-resistanceSocean will eventually transition to becoming a fully-autonomous, data-driven, algorithmic stake pool.Socean will start by delegating in equal proportions to the top-performing N (~50) validators that are not in either the minimal security group or the minimal data center security group.
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