281
edits
Difference between revisions of "Marinade"
Jump to navigation
Jump to search
m
added link to multisig definition
(Created and wrote the whole Marinade FInance wikipedia page) |
Jimcrypted (talk | contribs) m (added link to multisig definition) |
||
| (4 intermediate revisions by one other user not shown) | |||
| Line 1: | Line 1: | ||
[[File:Marinade.png|thumb|Marinade Finance]] | |||
Marinade Finance is a non custodial liquid staking protocol built on Solana. | Marinade Finance is a non custodial liquid staking protocol built on Solana. | ||
| Line 4: | Line 5: | ||
Marinade Finance was made to solve the problem of locking up your funds when you stake Solana. Marinade solves this problem by letting you stake your SOL without locking it up. And the user receives mSOL (marinated SOL) tokens in return for their stake which can be swapped backed to SOL or used in DeFi for other purposes. | Marinade Finance was made to solve the problem of locking up your funds when you stake Solana. Marinade solves this problem by letting you stake your SOL without locking it up. And the user receives mSOL (marinated SOL) tokens in return for their stake which can be swapped backed to SOL or used in DeFi for other purposes. | ||
=== Marinade Finance specialties === | === Marinade Finance specialties: === | ||
* Full control over your tokens | * Full control over your tokens | ||
| Line 18: | Line 19: | ||
* Earn your position in the Marinade DAO and participate in governance by using Marinade. | * Earn your position in the Marinade DAO and participate in governance by using Marinade. | ||
== | == MarinadeDAO == | ||
A user can join MarinadeDAO, or mDAO by owning the Marinade governance Token (MNDE). And the user can vote on important decisions with the governance token. | A user can join MarinadeDAO, or mDAO by owning the Marinade governance Token (MNDE). And the user can vote on important decisions with the governance token. | ||
| Line 27: | Line 28: | ||
* '''35% - DAO Distribution'''. Used as token holders see fit via proposals, initially used for Liquidity Mining programs. | * '''35% - DAO Distribution'''. Used as token holders see fit via proposals, initially used for Liquidity Mining programs. | ||
* '''35% - DAO Treasury'''. This is a treasury reserve to be used for operations, grant programs, and strategic partnerships. This treasury is controlled by Marinade's multisig and will be unlocked and governed by MNDE holders. | * '''35% - DAO Treasury'''. This is a treasury reserve to be used for operations, grant programs, and strategic partnerships. This treasury is controlled by Marinade's [[multisig]] and will be unlocked and governed by MNDE holders. | ||
** Besides this reserve, the treasury also receives mSOL protocol fees: | ** Besides this reserve, the treasury also receives mSOL protocol fees: | ||
*** 2% of staking reward fees generated by Marinade protocol | *** 2% of staking reward fees generated by Marinade protocol | ||
*** 25% of liquid unstake fees generated by the Unstake liquidity pool | *** 25% of liquid unstake fees generated by the Unstake liquidity pool | ||
* '''30% - Team'''. This is an allocation for current and future contributors. The distribution has not started yet and those funds are currently controlled by Marinade's multisig. | * '''30% - Team'''. This is an allocation for current and future contributors. The distribution has not started yet and those funds are currently controlled by Marinade's [[multisig]]. | ||
The total supply of MNDE tokens is 1,000,000,000 MNDE. | The total supply of MNDE tokens is 1,000,000,000 MNDE. | ||
== Sources == | |||
1- [https://Marinade.finance marinade.finance] | |||
2- [https://Docs.marinade.finance docs.marinade.finance] | |||
[[Category:Protocols]] | |||