{"id":58852,"date":"2025-12-07T18:00:49","date_gmt":"2025-12-07T15:00:49","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=58852"},"modified":"2025-12-07T17:16:57","modified_gmt":"2025-12-07T14:16:57","slug":"what-is-marinade-mnde","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/","title":{"rendered":"What is Marinade (MNDE) ?"},"content":{"rendered":"<p data-start=\"380\" data-end=\"693\"><strong>Marinade<\/strong> (MNDE) is a protocol built on the <strong><a href=\"https:\/\/coinengineer.net\/blog\/solana-bitcoin-ethereum-etf-flow-analysis\/\">Solana<\/a> blockchain<\/strong> designed to optimize the staking experience for <strong>SOL<\/strong> holders. It enables users to distribute their SOL across multiple validators automatically based on criteria defined by the Solana Foundation. This improves both decentralization and network security.<\/p>\n<p data-start=\"695\" data-end=\"950\">One of Marinade\u2019s core strengths is its liquid staking mechanism. Users receive mSOL in exchange for staked SOL. mSOL represents staked SOL, maintains a value close to SOL, and enables participation in yield opportunities across the Solana DeFi ecosystem.<\/p>\n<p data-start=\"952\" data-end=\"1139\">The protocol also includes a decentralized exchange (DEX) component, allowing users to execute swaps without unstaking SOL. This increases flexibility and efficiency within the ecosystem.<\/p>\n<p data-start=\"1141\" data-end=\"1356\">Marinade is governed by a decentralized autonomous organization (DAO), and the MNDE token serves as the governance token. <strong>MNDE<\/strong> holders can participate in decision-making, treasury management, and protocol direction.<\/p>\n<p data-start=\"1141\" data-end=\"1356\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58856 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/marinade-1024x535.jpg\" alt=\"\" width=\"787\" height=\"411\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/marinade-1024x535.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/marinade-300x157.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/marinade-768x401.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/marinade.jpg 1200w\" sizes=\"auto, (max-width: 787px) 100vw, 787px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Team_and_Founders\" title=\"Team and Founders\">Team and Founders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Investors_and_Partnerships\" title=\"Investors and Partnerships\">Investors and Partnerships<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Project_Mechanics\" title=\"Project Mechanics\">Project Mechanics<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Liquid_Staking\" title=\"Liquid Staking\">Liquid Staking<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Native_Staking\" title=\"Native Staking\">Native Staking<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#DAO_Governance\" title=\"DAO Governance\">DAO Governance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Roadmap\" title=\"Roadmap\">Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Token_Utility\" title=\"Token Utility\">Token Utility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#MNDE_Token_Details\" title=\"MNDE Token Details\">MNDE Token Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Token_Distribution\" title=\"Token Distribution\">Token Distribution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Ecosystem_Capabilities\" title=\"Ecosystem Capabilities\">Ecosystem Capabilities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Core_Features\" title=\"Core Features\">Core Features<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/#Official_Links\" title=\"Official Links\">Official Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"1358\" data-end=\"1375\"><span class=\"ez-toc-section\" id=\"Team_and_Founders\"><\/span>Team and Founders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1377\" data-end=\"1694\">Marinade was created in March 2021 following the Solana x Serum Hackathon. The founding members merged two separate projects to build a liquid staking solution. The project received grants from both the Solana Foundation and Serum, maintained a community-first development strategy, and did not raise venture capital.<\/p>\n<p data-start=\"1696\" data-end=\"1791\">The initially anonymous team later revealed several contributors, based on the provided visual:<\/p>\n<ul data-start=\"1793\" data-end=\"1921\">\n<li data-start=\"1793\" data-end=\"1822\">\n<p data-start=\"1795\" data-end=\"1822\">Michael Repetny: Strategy<\/p>\n<\/li>\n<li data-start=\"1823\" data-end=\"1867\">\n<p data-start=\"1825\" data-end=\"1867\">Scott Gralnick: Head of Growth, Americas<\/p>\n<\/li>\n<li data-start=\"1868\" data-end=\"1895\">\n<p data-start=\"1870\" data-end=\"1895\">Vu Hoang Anh: Marketing<\/p>\n<\/li>\n<li data-start=\"1896\" data-end=\"1921\">\n<p data-start=\"1898\" data-end=\"1921\">Rob Tarabcak: Product<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58860 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/team-mnde-1024x316.png\" alt=\"\" width=\"865\" height=\"267\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/team-mnde-1024x316.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/team-mnde-300x93.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/team-mnde-768x237.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/team-mnde-1536x474.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/team-mnde.png 1841w\" sizes=\"auto, (max-width: 865px) 100vw, 865px\" \/><\/p>\n<h2 data-start=\"1923\" data-end=\"1949\"><span class=\"ez-toc-section\" id=\"Investors_and_Partnerships\"><\/span>Investors and Partnerships<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1951\" data-end=\"2063\">Marinade developed through ecosystem grants and support programs rather than VC funding. Key supporters include:<\/p>\n<ul data-start=\"2065\" data-end=\"2096\">\n<li data-start=\"2065\" data-end=\"2086\">\n<p data-start=\"2067\" data-end=\"2086\">Solana Foundation<\/p>\n<\/li>\n<li data-start=\"2087\" data-end=\"2096\">\n<p data-start=\"2089\" data-end=\"2096\">Serum<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"2098\" data-end=\"2115\"><span class=\"ez-toc-section\" id=\"Project_Mechanics\"><\/span>Project Mechanics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2117\" data-end=\"2163\">Marinade operates through two main mechanisms:<\/p>\n<h3 data-start=\"2165\" data-end=\"2179\"><span class=\"ez-toc-section\" id=\"Liquid_Staking\"><\/span>Liquid Staking<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"2181\" data-end=\"2610\">\n<li data-start=\"2181\" data-end=\"2234\">\n<p data-start=\"2183\" data-end=\"2234\">Users deposit SOL into Marinade\u2019s smart contract.<\/p>\n<\/li>\n<li data-start=\"2235\" data-end=\"2314\">\n<p data-start=\"2237\" data-end=\"2314\">The contract mints mSOL based on the deposited SOL and accumulated rewards.<\/p>\n<\/li>\n<li data-start=\"2315\" data-end=\"2432\">\n<p data-start=\"2317\" data-end=\"2432\">SOL is automatically delegated across more than 400 validators based on performance and decentralization factors.<\/p>\n<\/li>\n<li data-start=\"2433\" data-end=\"2497\">\n<p data-start=\"2435\" data-end=\"2497\">The value of mSOL increases over time as rewards accumulate.<\/p>\n<\/li>\n<li data-start=\"2498\" data-end=\"2610\">\n<p data-start=\"2500\" data-end=\"2610\">mSOL can be used freely in the Solana DeFi ecosystem for collateral, liquidity provision, or yield strategies.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2612\" data-end=\"2626\"><span class=\"ez-toc-section\" id=\"Native_Staking\"><\/span>Native Staking<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"2628\" data-end=\"2831\">\n<li data-start=\"2628\" data-end=\"2681\">\n<p data-start=\"2630\" data-end=\"2681\">Users stake SOL without receiving a liquid token.<\/p>\n<\/li>\n<li data-start=\"2682\" data-end=\"2742\">\n<p data-start=\"2684\" data-end=\"2742\">Marinade delegates the SOL using its validator strategy.<\/p>\n<\/li>\n<li data-start=\"2743\" data-end=\"2831\">\n<p data-start=\"2745\" data-end=\"2831\">This resembles traditional staking but benefits from automated validator optimization.<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58862 size-large\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/sol-staking-1024x310.png\" alt=\"\" width=\"1020\" height=\"309\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/sol-staking-1024x310.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/sol-staking-300x91.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/sol-staking-768x233.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/sol-staking-1536x465.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/sol-staking.png 1588w\" sizes=\"auto, (max-width: 1020px) 100vw, 1020px\" \/><\/p>\n<h2 data-start=\"2833\" data-end=\"2847\"><span class=\"ez-toc-section\" id=\"DAO_Governance\"><\/span>DAO Governance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2849\" data-end=\"2961\">Marinade is governed through Marinade DAO (mDAO). MNDE holders lock tokens in Realms to receive veMNDE and vote.<\/p>\n<ul data-start=\"2963\" data-end=\"3123\">\n<li data-start=\"2963\" data-end=\"3022\">\n<p data-start=\"2965\" data-end=\"3022\">MNDE holders influence treasury and protocol decisions.<\/p>\n<\/li>\n<li data-start=\"3023\" data-end=\"3078\">\n<p data-start=\"3025\" data-end=\"3078\">A seven-member Marinade Council manages operations.<\/p>\n<\/li>\n<li data-start=\"3079\" data-end=\"3123\">\n<p data-start=\"3081\" data-end=\"3123\">All governance activity is fully on-chain.<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"3125\" data-end=\"3132\"><span class=\"ez-toc-section\" id=\"Roadmap\"><\/span>Roadmap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"3134\" data-end=\"3175\">Marinade\u2019s development timeline includes:<\/p>\n<ul data-start=\"3177\" data-end=\"3451\">\n<li data-start=\"3177\" data-end=\"3210\">\n<p data-start=\"3179\" data-end=\"3210\">March 2021: Project inception<\/p>\n<\/li>\n<li data-start=\"3211\" data-end=\"3242\">\n<p data-start=\"3213\" data-end=\"3242\">August 2021: Mainnet launch<\/p>\n<\/li>\n<li data-start=\"3243\" data-end=\"3300\">\n<p data-start=\"3245\" data-end=\"3300\">October 2021: MNDE public launch and liquidity mining<\/p>\n<\/li>\n<li data-start=\"3301\" data-end=\"3347\">\n<p data-start=\"3303\" data-end=\"3347\">April 2022: On-chain governance introduced<\/p>\n<\/li>\n<li data-start=\"3348\" data-end=\"3389\">\n<p data-start=\"3350\" data-end=\"3389\">July 2023: Governance moved to Realms<\/p>\n<\/li>\n<li data-start=\"3390\" data-end=\"3451\">\n<p data-start=\"3392\" data-end=\"3451\">September 2025: 300M MNDE burned, reducing supply to 700M<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3453\" data-end=\"3536\">The roadmap focuses on TVL growth via a Performance Program tied to TVL milestones:<\/p>\n<ul data-start=\"3538\" data-end=\"3716\">\n<li data-start=\"3538\" data-end=\"3626\">\n<p data-start=\"3540\" data-end=\"3626\">Milestone 1: 46M MNDE distributed at 8M SOL TVL (active Oct 23, 2023 \u2013 Sep 24, 2024)<\/p>\n<\/li>\n<li data-start=\"3627\" data-end=\"3671\">\n<p data-start=\"3629\" data-end=\"3671\">Milestone 2: Distribution at 16M SOL TVL<\/p>\n<\/li>\n<li data-start=\"3672\" data-end=\"3716\">\n<p data-start=\"3674\" data-end=\"3716\">Milestone 3: Distribution at 32M SOL TVL<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58859 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/roadmap-1-1024x383.png\" alt=\"\" width=\"706\" height=\"264\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/roadmap-1-1024x383.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/roadmap-1-300x112.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/roadmap-1-768x287.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/roadmap-1-1536x574.png 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/roadmap-1.png 1555w\" sizes=\"auto, (max-width: 706px) 100vw, 706px\" \/><\/p>\n<h2 data-start=\"3718\" data-end=\"3731\"><span class=\"ez-toc-section\" id=\"Token_Utility\"><\/span>Token Utility<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"3733\" data-end=\"3884\">\n<li data-start=\"3733\" data-end=\"3761\">\n<p data-start=\"3735\" data-end=\"3761\">Liquid staking with mSOL<\/p>\n<\/li>\n<li data-start=\"3762\" data-end=\"3790\">\n<p data-start=\"3764\" data-end=\"3790\">Voting in DAO governance<\/p>\n<\/li>\n<li data-start=\"3791\" data-end=\"3830\">\n<p data-start=\"3793\" data-end=\"3830\">Participating in treasury decisions<\/p>\n<\/li>\n<li data-start=\"3831\" data-end=\"3884\">\n<p data-start=\"3833\" data-end=\"3884\">Yield strategies across the Solana DeFi ecosystem<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58858 size-full\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/mnde-token.png\" alt=\"\" width=\"850\" height=\"476\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/mnde-token.png 850w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/mnde-token-300x168.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/mnde-token-768x430.png 768w\" sizes=\"auto, (max-width: 850px) 100vw, 850px\" \/><\/p>\n<h2 data-start=\"3886\" data-end=\"3899\"><span class=\"ez-toc-section\" id=\"MNDE_Token_Details\"><\/span>MNDE Token Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"3901\" data-end=\"4011\">\n<li data-start=\"3901\" data-end=\"3928\">\n<p data-start=\"3903\" data-end=\"3928\"><a href=\"https:\/\/coinmarketcap.com\/currencies\/mnde\/\">Total Supply<\/a>: 700M MNDE<\/p>\n<\/li>\n<li data-start=\"3929\" data-end=\"3958\">\n<p data-start=\"3931\" data-end=\"3958\">Maximum Supply: Not fixed<\/p>\n<\/li>\n<li data-start=\"3959\" data-end=\"4011\">\n<p data-start=\"3961\" data-end=\"4011\">Circulating Supply: 552.25M MNDE (self-reported)<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"4013\" data-end=\"4031\"><span class=\"ez-toc-section\" id=\"Token_Distribution\"><\/span>Token Distribution<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"4033\" data-end=\"4204\">\n<li data-start=\"4033\" data-end=\"4068\">\n<p data-start=\"4035\" data-end=\"4068\">DAO Treasury: 89.3% (625M MNDE)<\/p>\n<\/li>\n<li data-start=\"4069\" data-end=\"4134\">\n<p data-start=\"4071\" data-end=\"4134\">Performance Program Allocation: 138M MNDE within the treasury<\/p>\n<\/li>\n<li data-start=\"4135\" data-end=\"4204\">\n<p data-start=\"4137\" data-end=\"4204\">Early Contributors: 10.7% (75M MNDE), fully released January 2024<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58861 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/Tokenomics-mnde-1024x572.png\" alt=\"\" width=\"745\" height=\"416\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/Tokenomics-mnde-1024x572.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/Tokenomics-mnde-300x168.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/Tokenomics-mnde-768x429.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/Tokenomics-mnde.png 1393w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/p>\n<h2 data-start=\"4206\" data-end=\"4228\"><span class=\"ez-toc-section\" id=\"Ecosystem_Capabilities\"><\/span>Ecosystem Capabilities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"4230\" data-end=\"4383\">\n<li data-start=\"4230\" data-end=\"4258\">\n<p data-start=\"4232\" data-end=\"4258\">Liquid staking with mSOL<\/p>\n<\/li>\n<li data-start=\"4259\" data-end=\"4297\">\n<p data-start=\"4261\" data-end=\"4297\">Flexible stake and unstake options<\/p>\n<\/li>\n<li data-start=\"4298\" data-end=\"4334\">\n<p data-start=\"4300\" data-end=\"4334\">mSOL-based DeFi yield strategies<\/p>\n<\/li>\n<li data-start=\"4335\" data-end=\"4361\">\n<p data-start=\"4337\" data-end=\"4361\">Validator redelegation<\/p>\n<\/li>\n<li data-start=\"4362\" data-end=\"4383\">\n<p data-start=\"4364\" data-end=\"4383\">DAO participation<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-58855 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/features-2-1024x478.png\" alt=\"\" width=\"780\" height=\"364\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/features-2-1024x478.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/features-2-300x140.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/features-2-768x358.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/12\/features-2.png 1504w\" sizes=\"auto, (max-width: 780px) 100vw, 780px\" \/><\/p>\n<h2 data-start=\"4385\" data-end=\"4398\"><span class=\"ez-toc-section\" id=\"Core_Features\"><\/span>Core Features<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul data-start=\"4400\" data-end=\"4557\">\n<li data-start=\"4400\" data-end=\"4441\">\n<p data-start=\"4402\" data-end=\"4441\">Liquid staking for capital efficiency<\/p>\n<\/li>\n<li data-start=\"4442\" data-end=\"4476\">\n<p data-start=\"4444\" data-end=\"4476\">Automatic validator delegation<\/p>\n<\/li>\n<li data-start=\"4477\" data-end=\"4502\">\n<p data-start=\"4479\" data-end=\"4502\">Native staking option<\/p>\n<\/li>\n<li data-start=\"4503\" data-end=\"4530\">\n<p data-start=\"4505\" data-end=\"4530\">DAO governance via MNDE<\/p>\n<\/li>\n<li data-start=\"4531\" data-end=\"4557\">\n<p data-start=\"4533\" data-end=\"4557\">Audited security model<\/p>\n<\/li>\n<\/ul>\n<h2 data-start=\"4559\" data-end=\"4573\"><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span>Official Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/marinade.finance\/\">Website<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/MarinadeFinance\">Twitter<\/a><\/li>\n<li><a href=\"https:\/\/discord.com\/invite\/6EtUf4Euu6\">Discord<\/a><\/li>\n<\/ul>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marinade (MNDE) is a protocol built on the Solana blockchain designed to optimize the staking experience for SOL holders. It enables users to distribute their SOL across multiple validators automatically based on criteria defined by the Solana Foundation. This improves both decentralization and network security. One of Marinade\u2019s core strengths is its liquid staking mechanism.<\/p>\n","protected":false},"author":36,"featured_media":58853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[2883,18408,24111,5604,26265,26266,26267,22379,8414,16206],"class_list":["post-58852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-crypto-analysis","tag-dao-governance","tag-defi-yield","tag-liquid-staking","tag-marinade","tag-mnde-token","tag-msol","tag-solana-defi","tag-solana-staking","tag-staking-rewards"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Marinade (MNDE) ? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Marinade protocol, MNDE token model, liquid staking features and governance structure shaping Solana\u2019s growing DeFi ecosystem today.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-marinade-mnde\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Marinade (MNDE) ? 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