Marinade Finance is a DeFi protocol built on the Solana blockchain offering two main staking products:
- Marinade Liquid: Marinade Liquid enables users to stake SOL tokens and receive mSOL, a liquid staking token representing staked SOL plus accrued rewards, which can be used in DeFi applications across Solana.
- Marinade Native allows users to stake SOL directly without smart contracts, delegating to over 150 validators for security and decentralization, with rewards distributed every epoch (2-3 days).
The protocol uses an automated Stake Auction Marketplace (SAM) to allocate stakes to high-performing validators. Its governance token, MNDE enables holders to vote on fees, treasury, and validator selection within the Marinade DAO.