Marinade (MNDE) Price, Charts & Market Data

The $MNDE token serves several purposes in the Marinade ecosystem:

Governance: MNDE token holders have governance rights, allowing them to participate in decision-making processes regarding the treasury and protocol through on-chain voting. The DAO governance was launched in April 2022, with the governance platform migrating to Realms in July 2023 for direct control by MNDE holders.

Revenue Generation for the Protocol: Marinade generates revenue through management fees from the liquid staking pool, instant unstaking fees from its SOL liquidity pool, and yield from active positions in Solana DeFi.

Participation in MEV Bandwidth Marketplace: Marinade is piloting mTransaction, an MEV bandwidth marketplace, where validators can participate.

Locking for veMNDE: MNDE holders can lock their tokens in Realms to obtain veMNDE, which aligns with the DAO Constitution ratified by the holders, outlining Marinade's goals and operations.

Marinade, thus, stands as a dynamic protocol in the Solana ecosystem, offering users ways to stake SOL efficiently and participate actively in the growth and governance of the platform.