Marinade (MNDE)
| Market Cap | $0.00000000 |
|---|---|
| Trading Volume | $166,341 |
| Volume / Market Cap | – |
| Total Supply | 1,000,000,000 MNDE |
| Max Supply | 1,000,000,000 MNDE |
Marinade is currently trading at $0.0587, after a price change of 0.45% in the last 24 hours.
Ranked as cryptocurrency #3269 by capitalization today, MNDE market cap is valued at $0.00000000. MNDE trading volume reached $166,341 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on MNDE coin price prediction page.
What is Marinade Staked SOL?
Marinade is a non-custodial liquid staking platform that is developed on the Solana blockchain. The protocol allows users to stake SOL tokens in return for marinated SOL which can be used in decentralized finance while the user continues to receive their staking rewards. The staked SOL are allocated across validator nodes except the top tier.
Marinade contributes to the security of Solana by promoting token staking. Solana blockchain needs more SOL tokens staked in reliable nodes. The value of MSOL rises every epoch in relation to SOL, with the rewards allocated into the underlying staked SOL.
There are 498,000 circulating MSOL tokens from a total supply of 498,000 and a hard cap of 488,630,611. Marinade is governed through Marinade DAO, which functions off-chain on Discord.
Users who own MNDE tokens or actively participate in the protocol’s community become members of Marinade DAO. On reaching a given TVL level, users get MNDE bonus allocation for liquidity mining. 35% of the MNDE is allocated for DAO distribution, an equivalent portion is set for the DAO Treasury, and the remainder to the project team.
Marinade is supported by Solana Foundation, a non-profit organization based in Switzerland. The project’s mainnet debuted in 2021.