Marinade Earn Season 4 is here — with more ways to earn and more utility for mSOL.

Marinade Earn - Season 4 is here — with more ways to earn and more utility for mSOL.

Season 4 marks a major evolution in Marinade’s mission to make mSOL the most productive staking asset on Solana. We’re deepening integrations, expanding incentives, and building a smarter structure around how users can participate — and get rewarded.

At the heart of it all is the launch of a new Isolated Lending Market on Kamino v2, designed specifically for mSOL. Alongside it, we're introducing MNDE incentives for Orca LPs for the first time, while continuing support for Raydium-based mSOL liquidity with MNDE rewards.

Introducing the Marinade Isolated Lending Market

Season 4 launches alongside a brand-new Isolated Lending Market on Kamino v2 — allowing users to:

Lend SOL to earn interest and MNDE
Borrow SOL using mSOL as collateral and earn MNDE
Multiply mSOL positions up to 10x

This isolated market structure contains risk to a single market, enabling safer leverage and targeted incentives. It’s capital-efficient and purpose-built for mSOL-based DeFi strategies.

To kick off the season, we’re allocating:

1,000,000 MNDE to SOL lenders
150,000 MNDE to SOL borrowers

These rewards are live and distributed over the first 14 days — with room to scale as demand grows.

Expanding MNDE Incentives to Orca LPs

Kamino-native liquidity vaults have long supported both Raydium and Orca LP strategies, giving users access to automated, optimized DeFi yield.

Until now, MNDE rewards were available only for the mSOL-SOL vault built on Raydium. That vault remains active and supported in Season 4 — and now LPs can get their share of 416,000 MNDE over the next 14 days, with more rewards to come.

What’s new this season:

We’re extending MNDE incentives to Orca liquidity vaults for the first time — including:

mSOL-USDC vault
MNDE-USDC vault

These vaults are already live and fully automated. Kamino handles all the heavy lifting — from position placement and rebalancing to fee compounding.

We’re allocating 250,000 MNDE to these Orca vaults over the first 14 days of Season 4, with 150,000 MNDE going to mSOL-USDC and 100,000 MNDE going to MNDE-USDC.

Reward Structure (14-Day Tranche)

RewardsStrategy1,000,000 MNDESOL Lending (Isolated Market)150,000 MNDESOL Borrowing (mSOL Collateral)416,000 MNDERaydium mSOL-SOL (Kamino Vault)150,000 MNDEOrca mSOL-USDC (Kamino Vault)100,000 MNDEOrca MNDE-USDC (Kamino Vault)

How to Participate

For mSOL holders who want to earn an outsized yield, you can visit the Kamino v2 app using the link below to deposit mSOL and multiply with up to 10x leverage:

Kamino v2 - mSOL 10x Multiply - Marinade Market

For SOL holders who want to lend against mSOL collateral and earn MNDE on top of SOL interest, you can deposit SOL in the Kamino v2 app using the link below:

Kamino v2 - SOL Lending - Marinade Market

Lastly, those interested in participating in the aforementioned Kamino Vaults can deposit using the links below.

Built for Sustainable Growth

Marinade Earn Season 4 is more than a campaign — it’s a structural upgrade for mSOL in DeFi. By embedding mSOL deeper into capital-efficient strategies like lending, borrowing, and automated liquidity provisioning, we’re creating long-term yield opportunities for the Solana ecosystem.

This first tranche of over 1,800,000 MNDE is just the start. As the system grows, emissions will evolve — guided by usage, TVL, and user behavior.

Start Earning Today

The Isolated Lending Market is open. Orca vaults are now incentivized. Raydium remains live. Start earning MNDE today!

Marinade Earn Season 4 is here — with more ways to earn and more utility for mSOL.