MNDE: the Marinade governance token
MNDE gives holders a vote over Marinade's stake pool, delegation strategy, and treasury. Tokenomics, distribution, Active Staking Rewards, and where to trade and track the token.
Marinade Finance gives users the power to shape its future through active governance and participation. Learn how you can make a difference and unlock the full potential of MNDE.
Active staking rewards
The more you vote, the more MNDE you earn. Vote in Marinade governance to earn MNDE tokens for your participation. Now, 10% of protocol fees go to MNDE buybacks, helping support value for all holders.
Take part in shaping the future of Marinade Finance
Take an active role in governance and decision-making to drive impact and unlock benefits within Marinade's ecosystem.
Vote on proposals · Join the forum
Adjust stake pool parameters. Optimize fees, rewards, and benefits for Marinade's stake pool.
Evolve delegation strategies. Enhance validator delegation methods and refine the stake auction market.
Oversee treasury management. Manage MNDE token reserves and allocate funds for ecosystem growth.
Drive ecosystem development. Contribute to strategic initiatives and long-term goals for Marinade's expansion.
Participate actively. Join discussions on the forum and vote on impactful proposals.
Tokenomics of the MNDE token
- Token — MNDE, the Marinade DAO token
- Total supply — 700M MNDE
- Issuance date — October 7, 2021
- Minting — Disabled
- Mint address — MNDEFzGvMt87ueuHvVU9VcTqsAP5b3fTGPsHuuPA5ey
About MNDE
Marinade Finance launched its liquid staking solution, mSOL, on Solana mainnet in August 2021. The MNDE governance token followed in November 2021 as a fair-launch token with no ICO. On-chain DAO governance began in April 2022, empowering MNDE holders to vote on treasury management and protocol decisions. In July 2023, governance migrated to Realms, granting the DAO and Marinade Council authority over treasury and operational strategies.
Token distribution
| Share | Amount | Allocation |
|---|---|---|
| 10.7% | 75M MNDE | Initial contributors. Distribution completed January 2024. |
| 89.3% | 625M MNDE | DAO treasury. Governed by MNDE holder proposals. Distribution not complete. |
| 19.7% | 138M MNDE | Performance program. Milestone-based budget for TVL goals. |
The Marinade team has set three initial TVL milestones, each supported by a 46M MNDE budget granted by the DAO:
- Milestone 1 — 8M SOL TVL. 46M MNDE, started October 23, 2023 and ended September 24, 2024.
- Milestone 2 — 16M SOL TVL. To be distributed after reaching the 16M SOL TVL milestone.
- Milestone 3 — 32M SOL TVL. To be distributed after reaching the 32M SOL TVL milestone.
Marinade DAO
Join the forum — find answers or discuss your ideas.
Chat on Discord — take part in conversations and make Marinade better.
