Description
Marinade.finance is a DeFi project on the Solana blockchain focused on boosting the utility and liquidity of staked SOL. It introduces liquid staking via its mSOL token, which users gain when staking SOL. mSOL not only represents staked SOL but also accrues rewards, allowing its use across various DeFi applications like lending and borrowing. This provides flexibility, as users can engage in DeFi activities without needing to unstake SOL. Marinade's system enhances decentralization by distributing stake across numerous validators and compounding yields. Launched in 2021, mSOL initially operated on Ethereum but now functions on Solana and enjoys significant market trading, reflecting active participation. The project also features a governance token, MNDE, facilitating decentralized decision-making. Marinade is key to integrating SOL deeper into the DeFi space while securing the network. For further details, visit [marinade.finance](https://marinade.finance/).
Marinade.finance is a DeFi project on the Solana blockchain focused on boosting the utility and liquidity of staked SOL. It introduces liquid staking via its mSOL token, which users gain when staking SOL. mSOL not only represents staked SOL but also accrues rewards, allowing its use across various DeFi applications like lending and borrowing. This provides flexibility, as users can engage in DeFi activities without needing to unstake SOL. Marinade's system enhances decentralization by distributing stake across numerous validators and compounding yields. Launched in 2021, mSOL initially operated on Ethereum but now functions on Solana and enjoys significant market trading, reflecting active participation. The project also features a governance token, MNDE, facilitating decentralized decision-making. Marinade is key to integrating SOL deeper into the DeFi space while securing the network. For further details, visit [marinade.finance](https://marinade.finance/).
