Tokenomics of the MNDE token
MNDE
Marinade DAO token
$0.0000
0.000000000 SOL
About MNDE
Marinade Finance launched its liquid staking solution, mSOL, on Solana mainnet in August 2021. The MNDE governance token followed in November 2021 as a fair-launch token with no ICO. On-chain DAO governance began in April 2022, empowering MNDE holders to vote on treasury management and protocol decisions. In July 2023, governance migrated to Realms, granting the DAO and Marinade Council authority over treasury and operational strategies.
Marinade Markets
Track MNDE
Token distribution
7.5% (75M MNDE)
Initial contributors. Distribution completed on January 2024
92.5% (925M MNDE)
DAO treasury. Governed by MNDE holder proposals. DAO treasury is not distribution completed.
13.8% (138M MNDE)
Performance program. Milestone-based budget for TVL goals. The Marinade team has set three initial TVL milestones, each supported by a 46M MNDE budget granted by the DAO.
Milestone 1: 8M SOL TVL
46M MNDE for the 8M SOL TVL has started on October 23, 2023 and ended September 24, 2024.
Milestone 2: 16M SOL TVL
To be distributed after reaching 16M SOL TVL milestone.
Milestone 3: 32M SOL TVL
To be distributed after reaching 32M SOL TVL milestone.