Marinade.Finance

Marinade Staked SOL (MSOL) is the first Liquid staking protocol built on Solana. Marinade by delegating staked sol to multiple liquidity pools makes Solana more censorship-resistant and composable and aligned with decentralization.

The protocol enables Sol holders to earn compounding interest. Users who stake SOLs on Marinade will receive mSOL which can be used in different DeFi on Solana and generate extra yield.

Staking mSOL on Marinade itself returns MNDE, the Marinade governance token.

This dashboard keep track of healthiness of the platform by providing and overview of SOL staking on Marinade, mSOL staking and the Marinade governance.

SOL staking on Marinade.finance

mSOL staking on Marinade

Users holding mSOL in turn can stake their mSOL on marinade and receive MNDE to be used for Marinade governance.

MNDE locking

Recently, Marinade Finance officially launched its protocol governance system. The system is based on NFT and uses MNDE. Once users lock their MNDE, they will receive an NFT equivalent to the amount of locked MNDE which represents their voting power. Using the NFT, users can vote for governance.

Governors of Marinade DAO (MNDE NFT holders)

Once users lock their MNDE they will receive NFTs based on the amount of MNDE they locked.

Therefore, on this basis the MNDE lockers are categorized as follow:

> CASE WHEN ft.amount >= 1000 and ft.amount < 5000 THEN 'Level 1'

> WHEN ft.amount >= 5000 and ft.amount < 25000 THEN 'Level 2'

> WHEN ft.amount >= 25000 and ft.amount < 100000 THEN 'Level 3'

> WHEN ft.amount >= 100000 and ft.amount < 250000 THEN 'Level 4'

> WHEN ft.amount >= 250000 THEN 'Level 5'