Marinade Finance is currently running "Earn: Season 1", a campaign that rewards Marinade Native and mSOL stakers with $MNDE tokens as a way to incentivize early contributors. This initiative, possibly the first of many seasons to come, aims to increase participation in the Solana ecosystem.
Marinade Finance is a streamlined staking solution on the Solana blockchain that efficiently distributes $SOL tokens among a variety of high-performing validators. This strategy helps to maximize rewards while keeping funds secure and avoiding smart contract risks.
Additionally, Marinade provides the option of liquid staking through mSOL, which is integrated into Solana's DeFi ecosystem. This offers flexibility and ease, making Marinade an attractive choice for effective Solana staking and promoting network decentralization.
The $MNDE token is essential for Marinade Finance, as it grants holders governance rights within its DAO that allow them to have a say in key protocol decisions.
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About Marinade Finance
Marinade Finance is distributing MNDE tokens to early contributors as part of an initiative to increase participation in the Solana ecosystem. This streamlined staking solution on the Solana blockchain efficiently distributes $SOL tokens to high-performing validators, optimizing rewards and ensuring fund security without the risk of smart contract exposure. Integrated within Solana's DeFi ecosystem, Marinade's mSOL offers flexibility and simplicity, making it a strong choice for effective staking on Solana and supporting network decentralization. Holders of MNDE tokens have governance rights within Marinade Finance's DAO, allowing them to influence important protocol decisions.
Step-by-step guide
Go to the Marinade Finance Earn page and connect your Solana wallet. Stake $SOL using Marinade Native or liquid mSOL to earn $MNDE tokens. Share your referral link with other stakers to earn additional tokens. After January 1, claim your rewards at Marinade, as long as you have earned a minimum of 1 $MNDE. For more details, see the Marinade Earn: Season 1 blog post.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).
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