Marinade Press Kit
Please find official Marinade information, imagery, infographics and contacts below for your use. For additional info or media inquiries, contact [email protected]
Marinade is a DAO whose mission is to empower users with the best tools to stake, secure, and participate in the Solana ecosystem. Marinade is the creator of the mSOL token, a collateralized and fully liquid version of SOL a user receives when they stake their SOL in the Marinade stake pool. Marinade is also the creator of Marinade Native, the first product on Solana that enables the ability to utilize a performant and permissionless staking strategy void of any smart contract interaction.
Holders of mSOL tokens not only earn yield on their staked SOL, but can also utilize mSOL to earn additional yield using a growing selection of DeFi strategies.
In October 2022, mSOL became the first-ever liquid staking token to be supported and tradeable on Coinbase.
Marinade supports the decentralization of Solana by using a validator delegation algorithm that stakes SOL to 100 independent validators. This delegation strategy also bypasses the top validators in the max security group in order to further promote censorship resistance (often measured as the Nakamoto Coefficient). mSOL is the most integrated liquid staking token of SOL and was designed to be installed effortlessly by any size project. Projects across the Solana ecosystem can easily utilize mSOL for their own needs and also enable the Marinade Referral program for additional value.
Marinade is a DAO with a governance token, MNDE, which can be locked into the Realms governance platform to enable governance access to the token holder. In order to unlock the tokens, a 30-day unlocking process must be initiated in Realms.
Directed Stake
Directed Stake using mSOL and MNDE accounts for 40% of Marinade's delegation strategy to validators (20% each). Wallets that stake SOL for mSOL and direct the stake to a validator using the Marinade dApp will also support the validator with additional MNDE votes if their wallet has it locked in governance. As of July, 2023, directed stake accounts for over 2.5M SOL stake. Learn more about how Directed Stake works.
How Marinade began
Marinade was founded in March, 2021 during the Solana x Serum Hackathon when a working prototype for a liquid staking solution of SOL tokens was successfully developed. Marinade is a bootstrapped project with no initial venture capital or an ICO investment thanks to grants from the Solana Foundation and Serum. Following three successful security audits, Marinade deployed its mainnet at Marinade.Finance in August 2021. By January 2022 it had achieved the number one position for TVL (Total Value Locked) on Solana with over $1 billion.
Marinade transitioned to a fully on-chain DAO in April, 2022 and is governed by the MNDE token via Realms SPL Governance on Solana.
Marinade Media Contact:
Brandon Tucker, Head of Communications
Discord: btuck#9408
Marinade_logos.zip
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Contains full logo, icon and wordmark in both dark and white. File formats: png, svg.
MNDE - mSOL - mSOL/SOL LP
Token icons.zip
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File formats: png, svg.
Here are the main fonts used on Marinade:
Gantari.zip
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If you think you'll need all of these, we have prepared a full kit to download and use as you wish!
Marinade Press Kit 2023.zip
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CoinDesk: Solana’s Largest Protocol, Marinade, Bets Growth on ‘Native’ SOL Staking Product (July 19, 2023)
Blockworks Research: Deep Dive on Marinade, Solana's Liquid staking leader (June, 2023)
Coinbase adds support for mSOL and MNDE tokens as tradable assets (Daily Hodl) (Nov. 2, 2022)
Last modified 2mo ago