Marinade, a non-custodial liquid staking protocol operating on Solana blockchain, has announced a meetup in New York on May 21st. The digital-asset gathering is scheduled from 16:00 to 19:30 UTC. This announcement was officially made via a tweet by MNDE.
The unique feature of Marinade.Finance is that it allows users to stake Solana without having to lock up their liquidity. This is achieved by converting SOL into mSOL, a tokenized version of staked SOL, which can then be utilized within the Solana DeFi ecosystem for various purposes such as lending protocols, NFT purchases, and liquidity provision.
The governance of Marinade is facilitated by the MNDE token, a DAO functioning on the Solana blockchain. This token was launched in October 2021 without an Initial Coin Offering (ICO) or Venture Capital allocation. The MNDE token enables holders to be part of the decision-making processes, from voting on proposals to influencing delegation strategies.
A notable characteristic of the MNDE token is its ability to control 20% of the total SOL in the Marinade Stake Pool. This provides holders a say in validator selection. In addition, the MNDE token supports tools like the MNDE calculator which assists users in estimating potential ROI. Locked MNDE token holders have governance rights over the protocol’s treasury and can influence its future development.
