What is MNDE

I. Project Introduction

Marinade is a protocol developed on the Solana blockchain, designed to enhance the staking process for SOL token holders. It introduces an automated strategy for staking, allowing users to delegate their tokens to a diverse range of validators. This approach is guided by a delegation strategy established by the Solana Foundation, aiming to bolster the security and decentralization of the network.

One of the standout features of Marinade is its liquid staking solution. Participants in the protocol receive mSOL, a token that represents the staked SOL, maintaining a value closely pegged to SOL itself. This mechanism enables holders to earn yield on their staked assets and participate in the broader Solana DeFi ecosystem, leveraging mSOL for additional yield opportunities.

II. Cryptocurrency Information

1) Basic Information

Name: Marinade (MNDE)

III. Related Links

Official Website:https://marinade.finance/

Whitepaper:https://docs.marinade.finance/

Blockchain Explorer:https://solscan.io/token/MNDEFzGvMt87ueuHvVU9VcTqsAP5b3fTGPsHuuPA5ey

Social Media:

https://x.com/MarinadeFinance

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.