In our commitment to continually broaden our offerings, we are introducing a new project addition - Marinade Finance. This article provides a comprehensive overview of the project, its native token MNDE, tokenomics, functionalities, and its potential impact on the DeFi ecosystem.

TLDR:

Marinade.Finance is a decentralized protocol on Solana that allows users to stake their Solana (SOL) tokens while still retaining liquidity.
The MNDE governance allows users of Marinade Finance to participate in DAO-directed staking.
Validators typically take home the most money because validators contribute to the security of the proof-of-stake (PoS) network by running nodes.
MNDE token symbolizes fractional ownership of Marinade DAO, which will update different characteristics of the Marinade ecosystem.
You can keep full custody of your SOL tokens with no smart contract exposure.

Overview of MNDE

Marinade Finance is built on top of the Solana blockchain. Holders of Solana tokens can stake tokens to validators on the Solana chain thanks to the staking protocol Marinade Finance. It was born after the team achieved third place in the Solana x Serum hackathon, but subsequently, after getting funding of $80,000, they decided to take it to the next level.

The MNDE token that governs the Marinade Finance ecosystem, is also known as the Marinade Finance’s governance token. Token holders of MNDE will have the opportunity to participate in the governance of the Marinade protocol through Marinade DAO.

In addition, the MNDE rewards early adopters, contributors, and builders for participating in the project. To provide a robust system for community governance, the Marinade treasury reserve is allocated a sizable fraction of the total quantity of MNDE tokens. This allocation is done to protect the value of the tokens.

Features

Liquid Staking

Marinade Finance allows users to stake their SOL while retaining liquidity. Users deposit SOL and receive mSOL tokens. The protocol stakes the SOL across validators to earn yields. mSOL tokens can be freely traded, transferred, or used in DeFi. mSOL is pegged 1:1 to staked assets and redeemable for SOL + yields anytime. Marinade auto-compounds staking rewards to maximize yields. The non-custodial protocol makes staked SOL liquid. Users earn staking returns on SOL while using mSOL freely. Overall, Marinade unlocks liquidity for staked assets.

Validators

In the interest of full disclosure, Marinade offers a dashboard that details information about each validator, such as their score, the amount of staked, their history of success, and other relevant information. In this manner, users are afforded the flexibility to delegate tokens to any validator of their choosing and to manage assets across several validators efficiently.

Governance

Marinade Finance offers both a decentralized autonomous organization (DAO) and a governance structure, and platform users can participate in either or both of these areas.

Its decentralized autonomous organization, or DAO, is very distinct from its governance structure. You can choose to participate in the MNDE DAO by opting in as a contributor to assist in the expansion of the ecosystem in the following ways:

Community
Partnerships
Communication and even;
DAO operations.

Tokenomics

How to Buy MNDE Coins?

CoinEx is a global cryptocurrency exchange trusted by 5+ million users worldwide with 100% reserve. Users can now trade quickly and seamlessly with its 700+ tokens supported, including MNDE.

To purchase MNDE tokens on CoinEx, follow the steps below.

Create an Account: Start by signing up for a CoinEx account.
Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
Navigate to MNDE Trading Page: Once your account is funded, go to the dedicated MNDE trading page on CoinEx. You can find a search box and enter the term MNDE to swiftly locate the trading pair associated with MNDE tokens.
Choose a Trading Pair: Select the trading pair MNDE/USDT to trade MNDE against USDT (Tether).
Specify the Purchase Amount: Determine the quantity of MNDE tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
Execute the Trade: Execute the trade with the specified amount. Confirm the details, and if you are satisfied, submit the order.

Following these comprehensive steps, you can easily trade MNDE tokens on CoinEx using the available trading pairs.