Marinade update: MNDE Live price, price chart, news and markets

The MNDE price update as of now is $0.1138. In the previous 24 hours, its trading volume was $2,368,285, and its value has decreased by -1.12%. As of now, MNDE's live market cap is $46,772,053, and it is ranked as the #537 on the Coincu. MNDE has a circulating supply of 1,000,000,000 and a maximum supply of 1,000,000,000.

Marinade: An Introduction Marinade.Finance is a non-custodial liquid staking protocol that operates on the Solana blockchain. By staking SOL tokens with Marinade, users can employ automated staking strategies and receive "marinated SOL" tokens (mSOL) for use in decentralized finance (DeFi). With each epoch, the value of mSOL relative to SOL increases, as rewards accumulate into the underlying staked SOL. If desired, users can withdraw their SOL by unstaking and patiently waiting for the unlock period (1-2 epochs), or they can opt for immediate withdrawal with a small fee. Additionally, users have the option to exchange mSOL to SOL and vice versa on secondary markets at the prevailing rate. Unique Aspects of Marinade What Sets Marinade Apart? Let's explore the key advantages of staking SOL with Marinade: - Full control over tokens and associated accounts - Unlock staked positions, obtain tokenized versions, and utilize them in DeFi - Open-sourced, permissionless delegation algorithm supported by over 450 validators - No charge for staking or delayed unstaking - Minimum 2% fee on rewards, the lowest in the market - Native Solana community and governance driven by contributors Introduction to Marinade Tokens Marinade Finance offers mSOL tokens as a reward to users who stake SOL. These mSOL tokens represent the staked SOL and function as a proof of staking. Stakers can maximize their yield by utilizing mSOL tokens on secondary markets. Moreover, mSOL is compatible with various decentralized finance (DeFi) protocols. Rewards in the form of mSOL are automatically calculated, eliminating the need for users to claim them. Currently, the annual percentage yield (APY) for mSOL is approximately 6.6%, meaning that the price of mSOL increases by 6.6% compared to the value of staked SOL. Marinade DAO: An Open Kitchen At its core, Marinade DAO (mDAO) prioritizes radical transparency. The project believes in allowing anyone to see what they are cooking, fostering an environment open to contributions. Joining the project's Discord channel enables individuals to participate and receive rewards for their valuable inputs. Alternatively, individuals can become part of the mDAO by acquiring MNDE governance tokens. These tokens bestow voting rights and influence over Marinade's future. Marinade already boasts an enthusiastic community of contributors actively involved in the project. By joining the mDAO, individuals can engage in discussions, express their opinions, vote on crucial decisions, and actively contribute to the development of the kitchen. MNDE Governance & NFTs on Marinade On Marinade's app MNDE page, users have the option to lock MNDE tokens in exchange for a non-fungible token (NFT). This NFT showcases the locked MNDE amount in its Solscan metadata. Early minters may even receive limited edition NFTs! The level of a user's Marinade Chef corresponds to the amount of locked MNDE in the NFT, providing a visual representation of their locked MNDE. Marinade NFTs signify a specific amount of underlying locked MNDE and offer the following benefits: - Possession of an adorable Marinade NFT, which can be traded on secondary markets in the future - Ability to submit or vote on proposals for the Marinade DAO - Utilization of Gauges to determine allocation preferences - Consideration for the "Marinator" role on Marinade's Discord, providing access to DAO channels Marinade Roadmap Updates forthcoming. For more information, visit: CLICK HERE