281
edits
Difference between revisions of "Marinade"
m
added link to multisig definition
Jimcrypted (talk | contribs) m (added link to multisig definition) |
|||
| (3 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 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]] | |||