What is Marinade.finance?
Marinade.finance is a non-custodial liquid staking protocol built on the Solana blockchain. It allows users to stake their SOL tokens and earn rewards without locking in liquidity. Through Marinade's Liquid Staking Protocol, users receive liquid mSOL in return, providing them with flexibility to participate in DeFi while still earning staking rewards.
Is Marinade Finance safe?
Marinade Finance is designed with security in mind. The platform undergoes audits by reputable firms to identify and address potential vulnerabilities. Additionally, the project's smart contract is open-source and audited, ensuring a secure and transparent staking experience for users.
Who are the founders?
The founder of Marinade Finance is Lucio Tato. He is a visionary entrepreneur with a background in the blockchain and cryptocurrency space, driving the development and success of the Marinade platform.
What is Marinade crypto (MNDE)?
MNDE is the governance token for Marinade Finance. It serves as a tool for community members to participate in the governance of the protocol. Marinade Finance allows users to stake SOL and receive mSOL, a tokenized version of staked SOL. mSOL can be freely used in the Solana DeFi ecosystem.
Are your tokens locked when you stake SOL with Marinade?
No, when you stake SOL with Marinade, your tokens are not locked. You have the freedom to withdraw your staked SOL instantly at any time by paying a small fee. The immediate unstake fee varies between 0.1% and 9% and is determined by the total liquidity available in the Marinade pool and the amount you wish to unstake.
Staking with Marinade Finance offers a secure and flexible way to participate in the Solana network while maximizing your returns through liquid staking.