Defi ultimate aim is to offer freedom.
Freedom cannot be achieved without giving people options of choice.
Solana blockchain came with vast potential to revolutionise the space hence the birth of Marinade Finance.
Exploring what Marinade Finance offers.
The coming together of two giants with solid ideas to formulate what spelled out option and freedom. Lucio Tato who had a working prototype of liquid staking on NEAR and Marco Brocken who has a dev-ops background and experience in running validators nodes on solana birthed Mariande.
Marinade is the first and leading liquid staking protocol built on the solana blockchain.It offers an alternative to traditional staking (Direct staking).
Direct staking is the staking process of locking your liquidity for a period of time to accrue the annual percentage yield (APY) without having access to your fund for a stretch length of time and that is what Marinade pose to solve.
Using Marinade Finance Platform to stake by connecting or depositing your $SOL for $mSOL and staking to the high pool of 100+ highly performing validators and earn your rewards and unstaking anytime you wish without necessarily waiting for a period of time.
$mSOL on the other hand can be ultimately used for other purposes in DEFI like trading to other tokens on Solana chain, swapping, or owning NFTs.
Owning $mSOL can give you voting right in decison making in the Marinade community.
The price of $mSOL goes up relatively to $SOL each Epoch, with the rewards being accrued into underlying staked $SOL
@MarinadeFinance DAO is the community of @MarinadeFinance users who stake and lock their $MNDE token to maintain and develop the protocol.
Marinade is majorly funded by the user through their staked, locked, and liquidity provided.
Locking your $MNDE will give you say in the community.
Marinade DAO governance is currently live on REALMS.
The growth of the community gave the need to move from TRIBECA which the governance was formerly launched in early 2022 to REALMS.
The launch on REALMS offers more transparency, and familiarity among Solana users and utilizes tools for improvement and development in the community.
Their bid to become the leading liquid staking protocol and provide a safe and secure platform for users shaped their decisions.
Users can use https://docs.marinade.finance/ to know more about Marinade and get familiarised with it.
And to stake or perform other Defi activities use
https://marinade.finance/blog/
