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Difference between revisions of "Marinade"
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(Created and wrote the whole Marinade FInance wikipedia page) |
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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 | ||
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* 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. | ||