Marinade is a liquid staking protocol on Solana that allows users to invest SOL and receive mSol in return. mSOL is a liquid asset. Holders can earn staking rewards, and have enough liquidity to participate in other DeFi activities. The project’s goal is to help users maximize their staking returns. Marinade is currently the second-highest Solana-based project by TVL.
MNDE, the project’s native token, plays a significant role within the network. It enables holders to vote on protocol upgrades and changes, ensuring true decentralization. MNDE is one of the top Solana coins to invest in. In addition, we expect the token to grow in value given Marinade’s role within Solana’s DeFi market. Marinade helps improve capital efficiency and user flexibility, making it a good DeFi protocol. The project’s liquid staking helps reduce opportunity cost of staking, enabling more users to stake their SOL. As Solana continues to grow, we expect Marinade to capture much of the DeFi market.
