Marinade Liquidity Mining Gauges
June 11, 2022
Our friends - Marinade, recently launched Liquidity Mining Gauges. In this post, we will introduce to you, what is it, what is the benefits, and how to participate in it.
Marinade Finance is a non-custodial liquid staking protocol built on Solana.
You can stake your SOL tokens with Marinade using automated staking strategies and receive "marinated SOL" tokens (mSOL) that you can use in decentralized finance (DeFi).
The price of mSOL goes up relative to SOL each epoch with rewards being accrued into the underlying staked SOL.
A gauge is a governance mechanism allowing you to use your voting power to allocate your share of governance where you desire in a specific way.
For example, let's imagine that there are only 1000 locked MNDE used in the Validators gauges, and those MNDE control the delegation of 2M SOL. If you own 10 locked MNDE in the gauges, you could allocate 1% (or 20,000 SOL) to the validator of your choice.
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