Marinade MNDE

Marinade is a non-custodial liquid staking protocol built on the Solana blockchain. It aims to strengthen and decentralize Solana while bringing people from around the world into the world of decentralized finance (DeFi). Marinade has introduced a liquid staking token called mSOL, which represents the staked SOL and can be used in various projects within the Solana DeFi ecosystem. The protocol has experienced significant growth, with its Total Value Locked (TVL) increasing from 6 million SOL to 30 million SOL by the end of 2022.

Marinade's uniqueness lies in its focus on helping new validators get initial stake and reducing the overall risk of starting a new validator. This support provided by Marinade has attracted independent validators who may not have started otherwise. Additionally, Marinade emphasizes the importance of community involvement and values the opinions and contributions of its members. The platform also has a DAO forum where long-term discussions about the future of Marinade take place. Overall, Marinade aims to create a supportive and collaborative environment for its users.