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Marinade

MNDE

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Market

Market stats

Market cap

-

Volume (24h)

$2.8M

Circulating supply

-

Typical hold time

6 days

Popularity

#2299

All time high

$0.37

Price change (1h)

+0.19%

Price change (24h)

+4.95%

Price change (7d)

-9.38%

About Marinade

MNDE is the governance token of Marinade.Finance, a liquid staking protocol on Solana. In order to participate in the Marinade DAO, a user must mint a ‘Chef NFT’ by locking MNDE tokens for at least 30 days. The Marinade DAO oversees various aspects of Marinade.Finance’s development, including the staking delegation strategy.

What is Marinade?

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.

How does Marinade work?

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.

What are the potential use cases for Marinade?

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.

What is the history of Marinade?

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.

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Marinade is on the decline this week.

The price of Marinade has fallen by 9.38% in the past 7 days. The price increased by 4.95% in the last 24 hours. In just the past hour, the price grew by 0.19%. The current price is $0.23 per MNDE. Marinade is 38.15% below the all time high of $0.37.

The current circulating supply is 0 MNDE.

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 $0.37. 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 $2.76M.

What other assets are similar to Marinade?

Assets that have a similar market cap to Marinade include XcelDefi, BT.Finance, ReactorFusion, 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 6 days.

What is the relative popularity of Marinade?

Marinade ranks 185 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.

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