Marinade Finance Ends Season 1 with Success and Opens Claim Period for Locked $MNDE

Marinade Finance, a leading Solana stake automation platform, has successfully concluded Season 1 of its Marinade Earn campaign, marking a significant milestone in the Solana DeFi space. With the claim period for locked $MNDE now open, participants can retrieve their rewards, engage in governance, and enjoy the enhanced liquidity of Marinade tokens.

The claim period for Marinade Earn began on January 1st, following noon UTC. Participants eager to claim their locked $MNDE can visit the Marinade Earn page. Following the transaction approval, locked $MNDE will be deposited into Realms Governance, allowing holders to partake in Marinade Governance and employ $MNDE as voting power in Directed Stake. 

For those looking to unlock their $MNDE, the process involves:

• Visiting the Marinade Realms page.

• Finding the locked $MNDE under "Locked Deposits."

• Initiating the unlock process.

It's important to note that unlocking requires 30 days, and the claim period is open for 90 days, after which unclaimed $MNDE will be reclaimed.

Marinade's transition to Realms DAOs has facilitated fully on-chain, automated, and transparent treasury and voting mechanisms, significantly benefiting from ecosystem tooling enhancements. This move has been pivotal in Marinade's growth, evidenced by its substantial staking growth since the introduction of Marinade Earn in October. Marinade aims to support more validators, make Native available widely, continue developing Realms DAO governance, and enhance the $MNDE utility.

Since the launch of Marinade Earn, there's been significant growth in staking, with over $1 billion in Total Value Locked (TVL), 11 million SOL staked, 4 million Native staked, over 100,000 mSOL wallets, and 128 million $MNDE locked in governance. The liquidity for Marinade tokens continues to grow in both Centralized Exchanges and Decentralized Exchanges, with recent listings on Kucoin and Crypto.com. DEX liquidity now exceeds $1M, improving market depth and making trading the $MNDE coin with significant size easier.

Marinade's successful season and subsequent developments are a testament to the growing strength and sophistication of the Solana DeFi ecosystem. As Marinade Finance continues to expand its services and partnerships, the future of decentralized finance on the Solana network looks more promising than ever.