Tag: Marinade Finance Token

Marinade Finance is a liquid staking protocol operating on the Solana blockchain. Users can stake the SOL token to earn compounding interest while helping to maintain decentralization throughout the Solana ecosystem. Also, by staking SOL tokens with Marinade Finance, users receive the liquid “Marinade staked SOL” (mSOL) token. The mSOL token can be used in secondary markets on various decentralized finance (DeFi) protocols to maximize yield. Plus, stakers can bypass the cooldown period and withdraw their funds immediately for a small fee. Furthermore, the native Marinade Finance token (MNDE) token is the governance token of the Marinade Finance ecosystem. Not only does the MNDE token grant governance rights to holders, but it also incentivizes early contributors and collaborators.