Marinade Price
(MNDE)
USD($)
Marinade (MNDE) Live Price Chart
Overview
About
Analysis
FAQ
Marinade Live Price Data
The live price of Marinade is $0.14389, with a total trading volume of $ 60,933 in the last 24 hours. The price of Marinade changed by +3.68% in the past day, and its USD value has decreased by -28.01% over the last week. With a circulating supply of 237,618,800 MNDE, the market cap of Marinade is currently 35.18M USD, marking a --% increase today. Marinade currently ranks #-- in market cap.
How do you feel about Marinade today?
Note: This data is for reference only.
Marinade(MNDE) Profile
Rank--
--Expand 
Website
Documentation
Explorer
Contract
- Solana MNDEFzGv...5ey
Audited By
- --
Code & Community
Investors
- Big Brain Holdings
$0.11996
$0.14389
- ATH
- $0.66725
- Price Change (1h)
- +0.84%
- Price Change (24h)
- +3.68%
- Price Change (7d)
- -28.01%
- Market Cap
- $35.18M
- 24h Volume
- $60,933
- Circulating Supply
- 237,618,800
- Max Supply
- 1B
About MNDE
How can I buy Marinade (MNDE)?
Buying MNDE on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Marinade (MNDE) for more information. What Is Marinade (MNDE) Crypto?
Marinade (MNDE) is the governance token of Marinade Finance, a liquid staking protocol built on the Solana blockchain. Marinade.Finance aims to provide a seamless staking experience for Solana holders without locking in liquidity by transforming SOL into mSOL, which represents a tokenized version of Solana.
mSOL represents the staked SOL and accrues value over time as you earn staking rewards. mSOL can be used in various DeFi protocols for liquidity provision or yield farming, enabling you to earn additional yields on your staked assets.
By staking SOL, Marinade contributes to the security and stability of the Solana network. Marinade often provides a user-friendly interface to attract experienced and new crypto users.
MNDE enables users to participate in the Marinade DAO. To engage in the governance process, you must mint a 'Chef NFT' by locking MNDE tokens for a minimum of 30 days. As an MNDE token holder, you can participate in the protocol's governance, including control over the DAO's fees and treasury.
How Does Marinade Finance Work?
Marinade Finance is one of the largest liquid staking protocols on the Solana blockchain. Here’s an overview of how it works:
Stake SOL on Marinade Finance
You can earn rewards by staking your SOL through Marinade Finance. Instead of staking directly with Solana validators, you simply stake with Marinade.
Receive mSOL for Liquid Staking SOL
Upon staking SOL, you receive mSOL tokens in return. mSOL stands for Marinade staked SOL and represents your staked SOL plus the accrued staking rewards. The value of mSOL gradually increases over time relative to SOL as you accumulate staking rewards.
Decentralized and Automatic Validator Selection
Marinade automatically allocates the staked SOL to a diverse set of validators on the Solana network. This process optimizes yield and contributes to the Solana blockchain's decentralization and security.
Earn Compounded Staking Rewards
The staked SOL earns staking rewards. These rewards are reflected in the increasing value of mSOL relative to SOL. You can benefit from compounding rewards without needing to claim or restake them manually.
Provide Liquidity with mSOL in the Solana Ecosystem
The mSOL tokens can be used in various DeFi protocols within the Solana ecosystem. You can provide liquidity, engage in yield farming, or use mSOL for other investment strategies. This flexibility allows you to earn additional yield on your staked assets.
History of Marinade Finance and MNDE Coin
Marinade Finance launched its liquid staking protocol and the mSOL liquid staking token on the Solana mainnet in August 2021. The MNDE governance token, which plays a crucial role in the Marinade ecosystem by allowing holders to participate in protocol governance, was minted later on November 7, 2021.
This launch was part of a fair-launch approach, meaning it did not involve an Initial Coin Offering (ICO). Marinade Finance further enhanced its governance system by introducing on-chain DAO governance in April 2022, enabling more direct control and decision-making by MNDE holders within the platform.
In July 2023, Marinade Finance made significant changes to its MNDE token distribution and liquidity mining program. The focus shifted from time-based emissions to rewarding TVL (Total Value Locked) milestones. Consequently, liquidity mining gauges were paused, and the primary methods for receiving MNDE became contributions to the DAO, grant proposals, milestones, or the Open Doors Program.
This strategy aims to allocate more MNDE from the total 1 billion supply primarily when protocol TVL increases. These changes mark a strategic shift in Marinade Finance's approach to token distribution and incentive structures within its ecosystem.
What Is MNDE Token Used for?
The Marinade Finance (MNDE) token is primarily used for governance within the Marinade ecosystem. As an MNDE holder, you can participate in decision-making processes, influencing key aspects of the protocol.
This includes control over the decentralized autonomous organization's (DAO) fees, treasury, and the selection of validators who receive the SOL stake from the pool. By holding and using MNDE tokens, you can actively contribute to the direction and policies of Marinade Finance.
You can also trade Marinade Finance crypto against other digital assets on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell MNDE, or hold it long-term if you believe in the long-term potential of the Marinade.Finance project. Remember to do your own research (DYOR) before entering any trades in the crypto market.
Marinade (MNDE) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.00526 | 3.80% |
| 7 Days | $-0.05565 | -27.95% |
| 30 Days | $0.00236 | 1.68% |
| 3 Months | $0.03813 | 36.23% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Strong SellSellNeutralBuyStrong Buy
Marinade Conversion Rate
FAQ
How much is 1 Marinade (MNDE) worth?
KuCoin provides real-time USD price updates for Marinade (MNDE). Marinade price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time MNDE to USD exchange rates. Is Marinade (MNDE) a Good Investment?
Investing in Marinade Finance (MNDE) offers several potential advantages:
> Governance Participation: You can participate in the governance of the Marinade protocol by holding $MNDE and influencing key decisions about the platform's direction and policies.
> Staking Rewards: By staking SOL through Marinade, you can earn staking rewards, which are reflected in the appreciating value of mSOL tokens.
> Liquidity and Yield Farming Opportunities: mSOL, representing staked SOL, can be used in various DeFi protocols for additional earning opportunities.
> Contribution to Solana's Decentralization: Staking through Marinade supports the decentralization and security of the Solana blockchain.
What Is Marinade Price Prediction?
Although we cannot offer a reliable MNDE price prediction for any timeframe, you could keep an eye on the following factors to better understand the price trends in the Marinade Finance token:
Level of Staking Activity and mSOL Performance
The performance of Marinade's staking protocol and the value appreciation of mSOL tokens can influence the MNDE price.
Future Developments in the Marinade Finance Roadmap
New features, improvements, or partnerships within the Marinade ecosystem can affect investor perception and token demand. Such developments can boost investor confidence and support the Marinade Finance price.
Overall Health of Solana Ecosystem
As Marinade is part of the Solana ecosystem, the performance and adoption of Solana also play a role in MNDE's price movements. Increased on-chain and staking activity on the Solana network can boost the MNDE token price.
Crypto Market Sentiment
General market sentiment towards cryptocurrencies and prevailing trends in the DeFi sector can significantly impact the $MNDE price. A positive sentiment encourages buying activity, supporting the MNDE crypto price. On the other hand, a bearish sentiment causes sell-offs that could weaken the price of Marinade Finance token.
How to Stake SOL on Marinade Finance
Here’s how you can stake SOL on Marinade Finance to earn mSOL:
1. Ensure you have a crypto wallet compatible with the Solana network, like Phantom or Solflare.
2. Buy Solana on KuCoin and transfer your tokens to fund your wallet.
3. Visit the Marinade Finance platform and connect your wallet.
4. Click the Staking tab in the Marinade.Finance dApp, enter the number of SOL tokens you want to stake, review the details, and confirm the transaction from your wallet.
5. Sit back, earn mSOL as a reward for staking $SOL, and grow your crypto holdings through liquid staking Solana.
What is the all-time high price of Marinade (MNDE)?
The all-time high price of Marinade (MNDE) is $0.66745. The current price of MNDE is down 78.43% from its all-time high.
What is the all-time low price of Marinade (MNDE)?
The all-time low price of Marinade (MNDE) is $0.02822. The current price of MNDE is up 410.00% from its all-time low.
How much Marinade (MNDE) is there in circulation?
As of 12 21, 2024, there is currently 237,618,800 MNDE in circulation. MNDE has a maximum supply of 1B.
What is the market cap of Marinade (MNDE)?
The current market cap of MNDE is $35.18M. It is calculated by multiplying the current supply of MNDE by its real-time market price of $35.18M.
How do I store Marinade (MNDE)?
You can securely store your Marinade in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your MNDE include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Wise Monkey (MONKY) to cash?
You can instantly exchange your Wise Monkey (MONKY) for cash using KuCoin's Fast Trade feature. This feature enables you to convert MONKY to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.