Sunsetting the Solana Ecosystem Index (SOLI)

This post is tied to the governance proposal to sunset Amun’s Solana Ecosystem Index (SOLI) Token. We would like to thank our community for supporting SOLI; however, after careful consideration, we have decided to submit a community proposal to sunset the Token.

Voting will require holders to deposit their SOLI Tokens at https://dao-beta.mango.markets/dao/J5ViB3N7S3YRnrMpy7iSy57yYQaviJJDmrfGVT51z44o, and the deposited amount equates to the voting power.

If the proposal passes:

SOLI will be entirely rebalanced into Marinade Staked SOL, a liquid staked version of SOL that has been the base token of SOLI since its inception. Minting new SOLI will be blocked on the website and it will only be able to be redeemed.

If you have any questions, feel free to reach out on Telegram.