Marinade

Name: Marinade
Brand: Cryptocurrency
SKU: MNDE
Price: 0.078558907640000003478 GBP
Availability: InStock

MNDE

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Marinade

MNDE is the governance token of Marinade.Finance, a liquid and native staking protocol on Solana. Users lock MNDE in Realms SPL governance to participate in voting, control the DAO treasury, and can direct stake to validators using locked MNDE. The Marinade DAO oversees various aspects of Marinade.Finance’s development, including the staking delegation strategy.

Resources

Marinade (MNDE) is a staking protocol built on the Solana blockchain. It provides users with the ability to stake their SOL tokens using an automated strategy developed by the Marinade core team. Users have the option to stake natively or liquid stake to a pool of selected Solana validators. When opting for liquid staking, users receive an equivalent value of "marinated SOL" tokens (mSOL) that can be utilized in decentralized finance (DeFi). The protocol also gives users the opportunity to tokenize their existing stake, converting it to mSOL for liquidity. The MNDE token allows holders to participate in the protocol's governance, influencing decisions such as the DAO's fees, treasury, and validator selection.

Marinade operates by enabling users to stake their SOL tokens using an automated strategy. When a user stakes their SOL tokens, they are contributing to the decentralization of the Solana network. In return, they receive compensation in SOL. Users can choose to stake natively or liquid stake. When liquid staking, users receive an equivalent value of "marinated SOL" tokens (mSOL) that can be utilized in DeFi. The price of mSOL increases relative to SOL each epoch with Solana inflation rewards being accrued into the underlying staked SOL in the Marinade stake pool. Users can also tokenize their existing stake, converting it to mSOL for liquidity.

Marinade strives to provide users with the ability to stake their SOL tokens in a manner that contributes to the decentralization of the Solana network. Users can stake natively or liquid stake, receiving mSOL tokens that can be utilized in DeFi. This allows users to continue participating in DeFi activities while still enjoying the benefits of staking. Additionally, the MNDE token allows holders to participate in the protocol's governance, influencing decisions such as the DAO's fees, treasury, and validator selection.

Marinade was established through Solana ecosystem grants at the Solana Hackathon in 2021 and launched its liquid staking protocol and mSOL liquid staking token on mainnet in August of the same year. The MNDE governance token was minted on November 7, 2021, as a fair-launch token with no ICO (Initial Coin Offering). Marinade has implemented on-chain DAO governance. Since then, all decisions related to the treasury have been voted on chain. In July 2023, The DAO migrated its governance platform to Realms, enabling direct control of the treasury and protocol decisions by MNDE holders.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

Data unavailable

Volume (24h)

£706,400.18

Circulating supply

Data unavailable

Typical hold time

9 days

Popularity

#2885

All time high

£0.52

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-3.08%

Price change (1d)

+11.99%

Price change (1w)

+16.8%

Price change (2w)

+10.18%

Price change (1m)

+9.7%

Price change (1y)

+119.36%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Marinade on social media

208 unique individuals are talking about Marinade and it is ranked #1,769 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Marinade has an average sentiment score of 3 out of 5. Finally, Marinade is becoming more newsworthy, with 0 news articles published about Marinade. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Marinade. There were 0% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Marinade. 100% of tweets were neutral about Marinade. These sentiments are based on 20 tweets.

On Reddit, Marinade was mentioned in 4 Reddit posts and there were 9 comments about Marinade. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

208 people

Posts

20 posts

Dominance

0.02%

Volume rank

#1,769

Average Sentiment

3 out of 5

Twitter

Tweet Count

20 people

Sentiment

Bullish

100%

Neutral

Bearish

Marinade Calculator

How much is 1 MNDE?

Conversion Table

MNDE/USD (United States Dollar)

$0.10

MNDE/CAD (Canadian Dollar)

CA$0.14

MNDE/GBP (British Pound)

£0.0786

MNDE/JPY (Japanese Yen)

¥14.87

MNDE/INR (Indian Rupee)

₹8.73

MNDE/BRL (Real)

R$0.57

MNDE/EUR (Euro)

€0.0935

MNDE/NGN (Nigerian Naira)

NGN 171.11

MNDE/KRW (South Korean Won)

₩138.44

MNDE/SGD (Singapore Dollar)

S$0.13

Marinade is on the rise this week.

The price of Marinade has decreased by 3.08% in the last hour and increased by 11.99% in the past 24 hours. Marinade’s price has also risen by 16.80% in the past week. The current price is £0.0786 per MNDE with a 24-hour trading volume of £706.40K. Currently, Marinade is valued at 84.77% below its all time high of £0.52. This all-time high was the highest price paid for Marinade since its launch.

The current circulating supply of Marinade is 0 MNDE which means that Marinade has as total market cap of 0.

FAQ

What is the current price of Marinade?

We update our Marinade to GBP currency in real-time. Get the live price of Marinade on Coinbase.

What is the market cap of Marinade?

The current market cap of Marinade is £0.00. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Marinade?

The all-time high of Marinade is £0.52. This all-time high is highest price paid for Marinade since it was launched.

What is the 24 hour trading volume of Marinade?

Over the last 24 hours, the trading volume of Marinade is £706.40K.

What other assets are similar to Marinade?

Assets that have a similar market cap to Marinade include Grape Network, Solberg, Bonorum, and many others. To see a full list, see our comparable market cap assets.

How many Marinade are there?

The current circulating supply of Marinade is 0.

What is the typical holding time of Marinade?

The median time that Coinbase customers hold Marinade before selling it or sending it to another account or address is 9 days.

What is the relative popularity of Marinade?

Marinade ranks 214 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Marinade?

Currently, 67% of Coinbase users are buying Marinade. In other words, 67% of Coinbase customers have increased their net position in Marinade over the past 24 hours through trading.

Can I buy Marinade on Coinbase?

Yes, Marinade is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Marinade guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.