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Marinade

MNDE

USD

About Marinade

MNDE is the governance token of Marinade.Finance, a liquid and native staking protocol on Solana. Users lock MNDE in Realms SPL governance to participate in voting, control the DAO treasury, and can direct stake to validators using locked MNDE. The Marinade DAO oversees various aspects of Marinade.Finance’s development, including the staking delegation strategy.

Marinade (MNDE) is a staking protocol built on the Solana blockchain. It provides users with the ability to stake their SOL tokens using an automated strategy developed by the Marinade core team. Users have the option to stake natively or liquid stake to a pool of selected Solana validators. When opting for liquid staking, users receive an equivalent value of "marinated SOL" tokens (mSOL) that can be utilized in decentralized finance (DeFi). The protocol also gives users the opportunity to tokenize their existing stake, converting it to mSOL for liquidity. The MNDE token allows holders to participate in the protocol's governance, influencing decisions such as the DAO's fees, treasury, and validator selection.

Marinade operates by enabling users to stake their SOL tokens using an automated strategy. When a user stakes their SOL tokens, they are contributing to the security and decentralization of the Solana network. In return, they receive compensation in SOL. Users can choose to stake natively or liquid stake. When liquid staking, users receive an equivalent value of "marinated SOL" tokens (mSOL) that can be utilized in DeFi. The price of mSOL increases relative to SOL each epoch with Solana inflation rewards being accrued into the underlying staked SOL in the Marinade stake pool. Users can also tokenize their existing stake, converting it to mSOL for liquidity.

Marinade strives to provide users with the ability to stake their SOL tokens in a manner that contributes to the decentralization of the Solana network. This helps to secure the Solana network and contributes to its decentralization. Users can stake natively or liquid stake, receiving mSOL tokens that can be utilized in DeFi. This allows users to continue participating in DeFi activities while still enjoying the benefits of staking. Additionally, the MNDE token allows holders to participate in the protocol's governance, influencing decisions such as the DAO's fees, treasury, and validator selection.

Marinade was established through Solana ecosystem grants at the Solana Hackathon in 2021 and launched its liquid staking protocol and mSOL liquid staking token on mainnet in August of the same year. The MNDE governance token was minted on November 7, 2021, as a fair-launch token with no ICO (Initial Coin Offering). Marinade has implemented on-chain DAO governance. Since then, all decisions related to the treasury have been voted on chain. In July 2023, The DAO migrated its governance platform to Realms, enabling direct control of the treasury and protocol decisions by MNDE holders.

Market

Market stats

Market cap

Data unavailable

Volume (24h)

$718,548.86

Circulating supply

Data unavailable

Typical hold time

8 days

Popularity

#3051

All time high

$0.68

Market performance

Price change (1h)

+0.85%

Price change (1d)

-2.79%

Price change (1w)

-9.76%

Price change (2w)

-11.17%

Price change (1m)

-13.53%

Price change (1y)

+372.72%

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Social

Some highlights about Marinade on social media

137 unique individuals are talking about Marinade and it is ranked #1,276 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Marinade has an average sentiment score of 3 out of 5. Finally, Marinade is becoming more newsworthy, with 0 news articles published about Marinade. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bearish about Marinade. There were 21.05% of tweets with bullish sentiment compared to 78.95% of tweets with a bearish sentiment about Marinade. 0% of tweets were neutral about Marinade. These sentiments are based on 19 tweets.

On Reddit, Marinade was mentioned in 4 Reddit posts and there were 9 comments about Marinade. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

137 people

Posts

6 posts

Dominance

0.01%

Volume rank

#1,276

Average Sentiment

3 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

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Marinade is on the decline this week.

The price of Marinade has increased by 0.85% in the last hour and decreased by 2.79% in the past 24 hours. Marinade’s price has also fallen by 9.76% in the past week. The current price is $0.13 per MNDE with a 24-hour trading volume of $718.55K. Currently, Marinade is valued at 80.40% below its all time high of $0.68. This all-time high was the highest price paid for Marinade since its launch.

The current circulating supply of Marinade is 0 MNDE which means that Marinade has as total market cap of 0.

FAQ

What is the current price of Marinade?

We update our Marinade to USD currency in real-time. Get the live price of Marinade on Coinbase.

What is the market cap of Marinade?

The current market cap of Marinade is $0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Marinade?

The all-time high of Marinade is $0.68. This all-time high is highest price paid for Marinade since it was launched.

What is the 24 hour trading volume of Marinade?

Over the last 24 hours, the trading volume of Marinade is $718.55K.

What other assets are similar to Marinade?

Assets that have a similar market cap to Marinade include Grape Network, Solberg, Bonorum, and many others. To see a full list, see our comparable market cap assets.

How many Marinade are there?

The current circulating supply of Marinade is 0.

What is the typical holding time of Marinade?

The median time that Coinbase customers hold Marinade before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Marinade?

Marinade ranks 210 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Marinade?

Currently, 67% of Coinbase users are buying Marinade. In other words, 67% of Coinbase customers have increased their net position in Marinade over the past 24 hours through trading.

Can I buy Marinade on Coinbase?

Yes, Marinade is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Marinade guide.