Marinade to Hold AMA on X on August 6th
Marinade will host an AMA on X on August 6th at 15:00 UTC to outline forthcoming governance proposals that may introduce substantial changes to the MNDE token. Refer to the official tweet by MNDE: Marinade is an OG blue chip product on Solana, and it’s been profitable since day 1It’s about time our token ($MNDE) reflects the excellence of our productJoin us Wednesday 11:00am est to discuss the upcoming votes that bring MASSIVE changes to Set reminder below👇 MNDE InfoMarinade.Finance is a non-custodial liquid staking protocol built on Solana. Marinade helps users to stake Solana without locking in liquidity by turning SOL into mSOL — tokenized version of staked SOL. This way users can both secure the network by staking SOL, and use your mSOL as the ultimate unit in Solana DeFi ecosystem. To provide liquidity, deposit in lending protocols and even buy NFTs.The MNDE token serves as a governance mechanism for Marinade, a DAO operating on the Solana blockchain. Launched in October 2021 without an Initial Coin Offering (ICO) or Venture Capital allocation, the MNDE token empowers holders to participate in decision-making processes, such as voting on proposals and influencing delegation strategies. A distinct feature of MNDE is its role in directing 20% of the total SOL in the Marinade Stake Pool, thereby offering influence over validator selection. It also supports tools like the MNDE calculator to assist users in estimating expected ROI. Furthermore, holders of locked MNDE tokens can exercise governance over the protocol’s treasury and influence its development.