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Marinade Finance

Marinade Finance

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Marinade Finance is a Solana-based liquid staking platform that enables users to earn yield on SOL tokens.

Solana

About Marinade Finance

Marinade Finance, launched in 2021, is a Solana-based liquid staking platform that lets users earn yield on SOL by staking to secure the Solana network.

In return, stakers receive marinated SOL, or mSOL, whose balance grows as the underlying SOL accrues staking rewards.

mSOL can be used across the Solana ecosystem to earn additional yield or swapped back to SOL at any time.

The project is governed by a DAO via the MNDE token, which can be locked to mint Chef NFTs that enable voting.

As of November 2022, Marinade's network has over 450 validators.

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