How to Earn MNDE Tokens by Marinade Finance Airdrop

9 Dec 2023

Are you looking for a way to earn passive income with your Solana (SOL) tokens? Do you want to participate in the governance of a liquid staking protocol built on Solana? If you answered yes to any of these questions, then you might be interested in the Marinade airdrop.

Marinade is a liquid staking protocol that allows users to stake their SOL tokens and receive mSOL tokens in return. mSOL tokens represent a proportional share of the staked SOL pool and can be used in various DeFi applications on Solana or swapped back to SOL at any time. By staking with Marinade, users can enjoy the benefits of both earning staking rewards and accessing liquidity.

Marinade has recently announced the launch of its native governance token, MNDE. MNDE tokens will be used to vote on the future development and direction of the protocol, as well as to receive a share of the protocol fees. MNDE tokens will be distributed to users who stake SOL with Marinade, as well as to users who refer others to the protocol.

In this article, we will explain how you can join the Marinade airdrop and earn MNDE tokens by staking SOL with Marinade. We will also answer some of the most frequently asked questions about the airdrop and the protocol.

How to Join the Marinade Airdrop

To join the Marinade airdrop, you need to follow these simple steps:

  • Visit the Marinade website.
  • Connect your Solana wallet. You can use any Solana-compatible wallet, such as Phantom, Sollet, or Solflare.
  • Stake SOL. You can also choose to redelegate your existing stake from another validator to Marinade.
  • You will receive mSOL tokens in your wallet. The amount of mSOL you receive will depend on the exchange rate between SOL and mSOL, which is determined by the total amount of SOL staked in the pool and the total supply of mSOL. The exchange rate is updated every epoch (about 2 days).
  • You will start earning MNDE tokens. The amount of MNDE you earn will depend on the amount of mSOL you hold, the duration of your stake, and the referral bonus you receive.
  • The longer you stake, the more MNDE you earn. The referral bonus is based on the number of users you refer to the protocol and the amount of SOL they stake. You can refer others by sharing your referral link, which you can find on the website.

How to Claim Your MNDE Rewards

You can claim your MNDE rewards at the end of the airdrop program, which is about 22 days from now.
To claim your MNDE rewards, you need to follow these steps:

  • Visit the Marinade website.
  • Connect your Solana wallet.
  • Go to the “Claim MNDE” section.
  • Click on the “Claim” button.
  • You will receive your MNDE tokens in your wallet.

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This looks interesting. I will check it out. Thanks for sharing 🙏
Thanks for the tip!
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