{"id":16885,"date":"2023-01-25T18:39:21","date_gmt":"2023-01-25T18:39:21","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/marinade-finance-wants-to-boost-liquid-staking-on-solana\/"},"modified":"2023-01-25T18:39:21","modified_gmt":"2023-01-25T18:39:21","slug":"marinade-finance-wants-to-boost-liquid-staking-on-solana","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/marinade-finance-wants-to-boost-liquid-staking-on-solana\/","title":{"rendered":"Marinade Finance wants to boost liquid staking on Solana"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674669439215-12fd0849-1777-42fd-92ab-257363c7817f-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674669439215-12fd0849-1777-42fd-92ab-257363c7817f-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674669439215-12fd0849-1777-42fd-92ab-257363c7817f-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1674669439215-12fd0849-1777-42fd-92ab-257363c7817f-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<ul>\n<li dir=\"ltr\"><em><strong>Marinade Finance will reward Solana holders who stake SOL via its liquid protocol.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><em><strong>The incentive program will run for the next 12 months and see the plaform offer up to 160 million native Marinade tokens.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><strong><em>The goal is to grow Solana TVL by 40 million SOL, and liquid staking is key to that.<\/em><\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\">Marinade Finance, a liquid staking platform that supports the <a href=\"https:\/\/coinjournal.net\/solana\/\">Solana<\/a> blockchain, is looking to bring more liquidity to the Solana ecosystem via a major incentive program.<\/p>\n<p dir=\"ltr\">The protocol noted in an <a href=\"https:\/\/twitter.com\/MarinadeFinance\/status\/1617944708780814337\" rel=\"noopener noreferrer\" target=\"_blank\">announcement<\/a> that the program \u201cOpen Doors\u201d is designed to incentivise Solana builders, validators and wallets into increasing the blockchain platform\u2019s asset liquidity.\u00a0<\/p>\n<p dir=\"ltr\">Accordingly, Marinade is looking to offer rewards in the form of its tokens to users who contribute to growing the total value locked (TVL) of Solana on the protocol.<\/p>\n<h2 dir=\"ltr\">Marinade Finance\u2019s 12-month incentive program for Solana<\/h2>\n<p dir=\"ltr\">Over the next 12 months, users have a chance to earn some of the 160 million Marinade (MNDE) tokens when they deposit SOL for mSOL, the liquid staking token they will get in exchange. The target is to get 40 million SOL staked for mSOL, \u2013 a scenario that could significantly increase the ecosystem\u2019s liquidity and help with decentralisation.<\/p>\n<p dir=\"ltr\">Currently, only 2-3% of SOL is <a href=\"https:\/\/twitter.com\/MarinadeFinance\/status\/1617944715403603975\" rel=\"noopener noreferrer\" target=\"_blank\">reportedly<\/a> in liquid staking, which makes the plan to have more brought into the ecosystem crucial for Solana. This is because staked SOL doesn\u2019t contribute to Solana\u2019s DeFi TVL. However, mSOL\u2019s liquid stake does as it flows across different protocols.\u00a0<\/p>\n<p dir=\"ltr\">As for decentralisation, Marinade supports hundreds of validators staking through its delegation strategy.<\/p>\n<p dir=\"ltr\">\u201c<em>For Solana DeFi to rebound stronger, more $SOL (LOTS MORE) must be made liquid. Those who contribute this through $mSOL, on their protocols, or via the referral program will be rewarded with direct Marinade ownership<\/em>,\u201d the Marinade team said.<\/p>\n<p dir=\"ltr\">According to <a href=\"https:\/\/defillama.com\/chain\/Solana\" rel=\"noopener noreferrer\" target=\"_blank\">data<\/a> from DeFiLlama, the Solana chain has about $278 million in TVL as of 25 January 2023, down from over $10 billion in November 2021. More than 53% of the total TVL on this chain is on Marinade Finance, while Lido\u2019s liquid staking accounts for the second-largest share.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/marinade-finance-looks-to-boost-liquid-staking-on-solana\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Marinade Finance will reward Solana holders who stake SOL via its liquid protocol. The incentive program will run for the next 12 months and see the plaform offer up to 160 million native Marinade tokens. The goal is to grow Solana TVL by [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":16886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16885"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=16885"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/16886"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=16885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=16885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=16885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}