Users were required to stake SOL for a specific period to be eligible for the community incentive. It is worth noting that this incentive was supported by a notable $10 million series A funding round, led by Multicoin Capital and Framework Ventures.
Despite these developments, the two Solana protocols have not emerged as the top three services spearheading the $45 billion liquid staking landscape. Instead, Lido, Rocket Pool, and Binance have garnered the highest levels of participation, accumulating $27.9 billion, $3.6 billion, and $2.6 billion, respectively.
