Marinade DAO proposes to distribute 50 million MNDE to Marinade Earn Season 3

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Cointime2024/04/20 06:37

By:Cointime

The official governance forum shows that Solana staking protocol MarinadeDAO has initiated a new proposal to unlock 50 million MNDE tokens for use in the "Marinade Earn Season 3" reward program. Specifically, the proposal suggests distributing 25 million MNDE tokens through a strategy executed on Solend, which would result in higher profits from looping on MeteoramSOL/SOL compared to the current mSOL pool (such as Solend and Kamino) and other SOLLST, thereby deepening mSOL liquidity in DeFi.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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