Bittime - Marinade Finance is one of the leading projects on the Solana blockchain, with a locked value (Total Value Locked - TVL) that has reached the fantastic figure of $1.5 billion as of April 2024, which is very interesting to discuss in depth.
What is Marinade Finance?
Marinade Finance, a liquid staking platform built on the Solana blockchain, has enabled its users to earn profits from their SOL tokens.
Marinade shot to become a top Solana project by leveraging the liquid staking narrative, collaborating with renowned protocols such as Lido (Ethereum-based).
Plunging almost 90% TVL due to the bearish trend in the crypto market at the end of 2021-2023, Marinade recovered in 2024 and recorded billions in total value locked (TVL).
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How Does Marinade Finance Work?
Marinade Finance is a platform designed to maximize SOL staking profits through automated strategies.
The platform monitors all Solana validators and delegates SOL to more than 100 of the best-performing validators.
This contributes to decentralization and optimization of Solana network performance. In return, participants will receive rewards in the form of SOL at each epoch.
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Marinade Finance Performance
The value of a user's mSOL holdings grows as the staking rewards of the underlying SOL asset increase.
Plus Marinade users also have the freedom to utilize mSOL throughout the Solana ecosystem, either by staking it to gain additional profits, or by exchanging it back to SOL whenever they want.
Marinade Ecosystem
Marinade Ecosystem management is carried out by a Decentralized Autonomous Organization (DAO) using the MNDE token.
These tokens can be locked to generate Chef NFTs that serve as voting tools. As of November 2022, the Marinade network has more than 450 validators.
MNDE Token: Marinade DAO Governance
The MNDE token is the key to accessing the governance of Marinade DAO, a decentralized organization that manages the Marinade Finance protocol.
Launched in October 2021, MNDE is designed as a fair launch token, free from venture capital investment or initial coin offerings (ICO).
MNDE's main mission is to distribute tokens fairly based on individual contributions to the DAO or total value locked (TVL) in the protocol.
In doing so, MNDE ensures that the governance of Marinade DAO is truly decentralized and democratic.
Check Crypto Prices Today:
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| BTC/IDR price | DOGE/IDR price |
| ETH/IDR Price | SEI/IDR price |
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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