Canadian Firm Sol Strategies Rolls Out High-Rewarding Staking App

In what could be described as a monumental milestone, Sol Strategies – a publicly traded Canadian firm leveraging investment opportunities in staking rewards and Solana-based projects – has rolled out the first-ever non-custodial mobile staking app through Orangefin Ventures.

Don’t forget that Sol Strategies completed the acquisition of Orangefin Ventures’ Validator late last year, bringing its total staked SOL above 1.5 million across its validator operations. 

Being a blockchain infrastructure specializing in validator operations and staking services, the acquisition of Orangefin Ventures by Sol Strategies further enhances the latter’s revenue streams and footprints within the Solana ecosystem.

Orangefin Ventures’ newly-launched mobile app, which is now live on the Solana dApp Store, brings a fresh and more streamlined approach to staking SOL, making it possible for investors to put their assets to best use and accumulate high rewards directly from their mobile phones. 

While promising an impressive 8-10 APY reward, the new solution further elevates its appeal by granting investors full control over their assets – a standout attribute that completely distinguishes it from traditional staking platforms.

Sol Strategies CEO Leah Wald Describes The Mobile App As A Simple, Secure & High-Yield Staking Solution

The CEO of Sol Strategies Leah Wald has shared insights into the basic components of the new mobile solution. 

She said “this app will allow Solana investors the ability to get the most out of their Solana investment with a simple, secure, and high-yield staking solution.” 

“As our first major technology initiative, this launch represents a pivotal step in our journey investing in and fostering innovation, enabling us to build cutting-edge solutions within the blockchain infrastructure,” Wald added. 

Similarly, Max Kaplan, Founder of OrangeFin and Head of Staking at Sol Strategies acknowledged Orangefin’s dedication to building top-tier validator technology for the Solana community. 

“With the resources and strategic expertise from Sol Strategies, we’ve elevated everything we’ve built to new heights. This marks another step forward in our mission to deliver even greater value and performance to the Solana ecosystem,’’ Kaplan said.

Meanwhile, the mobile staking app is expected to also go live on Google Play Store and Apple App Store later this year, further expanding its reach. 

How Sol Strategies Is Establishing Itself As A Strong Force On Solana

With its highly skilled leadership and unflinching commitment to revolutionizing crypto staking, Sol Strategies has established itself as the primary point of access to Solana. 

Its Solana-focused strategy has been largely successful, with its validators and infrastructure investments driving the overall growth of the ecosystem. 

Over the past six months, Sol Strategies has engaged in a series of validators’ acquisitions. All the acquisitions, including the latest one – Orangefin Ventures – operate on Solana and are poised to drive sustainable staking revenue growth within the blockchain. 

Currently, the Canadian firm now stakes 1,505, 145 SOL (CAD $440,249,107) across all of its validator operations, of which it directly owns 142,801 SOL.

A few days ago, it completed a CAD $27.5 million private placement financing with ParaFi Capital. The funding, according to Sol Strategies, will be used to strengthen its SOL tokens treasury holdings. 

Sol Strategies is listed under the ticker symbol HODL on the Canadian Securities Exchange and CYFRF on the OTCPK. The stock’s price surged 9% after the news of the mobile staking app launch became public knowledge.