What is Marinade? Complete about Marinade and the $MNDE . token

• Marinade overview
• Overview of the MNDE . token
• summary

Marinade overview

What is Marinade?

Marinade.finance or Marinade is a Liquid Staking protocol on the Solana network. Understandably, Marinade will allow people to staking SOL to receive mSOL, then use mSOL to participate in activities on decentralized financial applications in Solana ecosystem such as swap, lending and borrowing...

Explanation of words : Liquid Staking is a solution that helps investors to both staking assets and still be able to use that asset for other things.

What problem does Marinade solve?

As we all know Solana is a blockchain using Proof-of-Stake consensus mechanism, users can staking SOL on this platform to receive rewards. But its disadvantage is that investors will not receive the reward immediately, but have to wait until the staking term expires. This is to encourage users to stay longer with the network.

Marinade was created to help investors optimize the use of their capital to get more profits. Notably, Marinade allows users to receive rewards as well as unstake immediately without waiting for the staking term to expire like other platforms.

Here is an example of how investors can use Marinade to maximize their profits from staking :

Investors staking SOL in Marinade will receive a profit of 6% APY and the system will return the corresponding amount of mSOL. They then use mSOL to provide liquidity in Saber, and the system returns a portion of the transaction fee and $SBR token. At the same time, Saber will return an amount of mSOL LP with a value corresponding to the amount that the investor has initially spent.

In addition, investors can use the mSOL LP received from Saber deposited in Sunny to earn more $SUNNY tokens. As can be seen, investors can not only Staking to receive a profit of 6% APY on Marinade but also earn rewards from Saber and Sunny.

Marinade developer team, investors and partners

Marinade's development team

Marinade's development team includes Roman Sumin, Marco Broeken, Sebastian de Castro, Lucio Tato, Michael Repetny...

Marinade's partner

Some of Marinade's partners are Solana , Serum , Saber, Port Finance, Orca, etc.

Marinade's investors

Solana Foundation and Serum are Marinade's two core investors.

$MNDE . Token Overview

What is the $MNDE token?

$MNDE is the official token of the Marinade platform and has the following roles:

• Token holders $MNDE have the right to propose and contribute ideas to help developers build Marinade project.
• Investors providing liquidity on Marinade will be rewarded with MNDE tokens.

Information about the $MNDE . token

• Token Name : Marinade
• Ticker : MNDE
• Blockchain : Solana
• Contract Address : Updating
• Token Standard : SLP
• Total Supply : 1,000,000,000 MNDE
• Circulating Supply : 20,000,000 MNDE

$MNDE Token Allocation

• Marinade community : 35%
• Marinade DAO : 35%
• Team : 30%

How to own and store the $MNDE . token

Currently the $MNDE token is not listed on cryptocurrency exchanges. However, during this time, investors can staking SOL on Marinade for a chance to receive MNDE tokens.

Alternatively, investors can store MNDE in wallets that support the Solana network like Sollet.

summary

Thus, TraderH4 has just brought you all the information about the Marinade project and the $MNDE token. Marinade is a project that helps SOL investors get profit from staking. At the same time, they can bring assets to participate in activities such as lending, providing liquidity for DeFi projects or DEX exchanges, etc. Notably, after just over 7 months from the time of launch, the total Marinade's locked value (TVL) has reached more than 439 million US dollars.

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