# Marinade Protocol - [Protocol Overview](https://docs.marinade.finance/marinade-protocol/protocol-overview.md): Marinade.Finance was built to bring to life a vision. A non-custodial liquid staking solution on Solana, decentralizing the network. - [Marinade Native](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-native.md): Marinade native is a tool to have your staked SOL managed and optimized automatically by Marinade's delegation strategy. - [Marinade Native: API & SDK](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-native/marinade-native-api-and-sdk.md) - [Marinade Select](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-select.md): Marinade Select is a curated set of trusted Solana validators offering secure, decentralized, and capital-efficient staking. - [Marinade Liquid](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-liquid.md) - [What is mSOL?](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-liquid/what-is-msol.md): mSOL represents your staked SOL in the Marinade stake pool. Here's what that means and how it unlocks your liquidity. - [mSOL Token](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-liquid/msol-token.md) - [Bot operations](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-liquid/bot-operations.md) - [Marinade Recipes](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-recipes.md): Stake SOL and receive your staking rewards in a token of your choice. - [Marinade Instant Unstake](https://docs.marinade.finance/marinade-protocol/protocol-overview/marinade-instant-unstake.md): Learn how Instant Unstake works, when to use it, and how it differs from delayed unstaking. - [USDC Earn Vault](https://docs.marinade.finance/marinade-protocol/protocol-overview/usdc-earn-vault.md): Learn how to deposit USDC, earn yield automatically, and withdraw anytime with no lockup. This guide covers how the USDC Vault works, fees, and risks - [mTransactions](https://docs.marinade.finance/marinade-protocol/protocol-overview/mtransactions.md): mTransactions is an exploration of a bandwidth marketplace for transactions on the Solana blockchain - [Protected Staking Rewards](https://docs.marinade.finance/marinade-protocol/protocol-overview/protected-staking-rewards.md): Marinade introduces Protected Staking Rewards to provide stakers protection from any unforseen performance losses in the validator delegation set. - [Stake Auction Market (SAM)](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market.md): Marinade distributes 100% of its TVL through the Stake Auction Marketplace, where validators compete by bidding to offer the highest yield to stakers. - [SAM Onboarding Guide](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/sam-onboarding-guide.md): Step-by-step onboarding for validators joining the Marinade Stake Auction Marketplace. - [Eligibility Criteria](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/eligibility-criteria.md): Requirements a validator must meet to receive stake from SAM, and how to exit cleanly. - [Stake Distribution and Decentralization](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/stake-distribution-and-decentralization.md): How Marinade allocates stake each epoch, how it reduces stake when needed, and the constraints that protect network decentralization. - [Blacklist Policy](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/blacklist-policy.md): Grounds for blacklisting a validator from the Marinade Stake Auction Marketplace, and the process for removal from the blacklist. - [Dynamic Bids](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/dynamic-bids.md): How dynamic commission bids work and how to configure them in the validator bonds CLI. - [maxStakeWanted Parameter](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/maxstakewanted-parameter.md): Cap the maximum amount of Marinade stake a validator wants to receive through SAM. - [Stake Matching](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/stake-matching.md): Marinade matches a portion of a validator's external stake with additional delegation, with no Protected Staking Rewards (PSR) slashable bond required on the matched portion. - [Bonds Settlements](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/bonds-settlements.md): How Marinade settles validator bids each epoch, with formula, worked example, and where to view settlements. - [Bid Reduction Penalty](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/bid-reduction-penalty.md): Penalty mechanics for validators who reduce their bid after receiving stake. - [Activating Stake Fee](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/activating-stake-fee.md): One-time fee charged when new stake activates, scaled by how far the validator bid above the auction clearing rate. - [Bond Risk Reduction Mechanism](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/bond-risk-reduction-mechanism.md): Covers the Bond Risk Reduction Mechanism: what triggers it, how the fee is calculated, and what validators need to do to avoid it. - [Bond Notifications](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/bond-notifications.md): How validators are notified of bond-related events including underfunding, auction status changes, and announcements. - [SAM Resources](https://docs.marinade.finance/marinade-protocol/protocol-overview/stake-auction-market/sam-resources.md): Dashboards, repositories, APIs, and technical reference for SAM participants. - [Staking Rewards Report](https://docs.marinade.finance/marinade-protocol/protocol-overview/staking-rewards-report.md): Learn how to use the Staking Rewards Report to view and export your Marinade native staking rewards by epoch, and understand what the data represents. - [FAQ](https://docs.marinade.finance/marinade-protocol/faq.md): You'll find the answers to most of your questions here! If something is not yet answered, reach out to us on our Discord. - [Glossary](https://docs.marinade.finance/marinade-protocol/glossary.md) - [Security](https://docs.marinade.finance/marinade-protocol/security.md): Security has always been a primary concern for Marinade. We are doing everything we can to set a high standard for security in our protocol and in the Solana ecosystem. - [Audits](https://docs.marinade.finance/marinade-protocol/security/audits.md): You'll find here the list of our audits and code review reports. - [Principal Service Commitments and System Requirements](https://docs.marinade.finance/marinade-protocol/security/principal-service-commitments-and-system-requirements.md): An overview of Marinade Finance’s key commitments and technical controls to ensure security, availability, and compliance with SOC 2 standards. - [Multisig governance](https://docs.marinade.finance/marinade-protocol/security/multisig-governance.md): In order to modify our code or the parameters of our smart contracts, a multisig needs to be used. Let's see what this means. - [Legal](https://docs.marinade.finance/marinade-protocol/legal.md) - [Risks](https://docs.marinade.finance/marinade-protocol/legal/risks.md) - [Disclaimer](https://docs.marinade.finance/marinade-protocol/legal/disclaimer.md) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.marinade.finance/marinade-protocol.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.