You can now stake SOL in the Marinade SOL Liquid Staking Campaign to get 7%+ APR and bonus MNDE rewards. Users who stake more than 0.5 MSOL equivalent of SOL in the Marinade Liquid Staking Pool via Binance Web3 Wallet during the campaign period will be considered for the allocation of rewards.
Campaign period: 2024-06-12 00:00:00 to 2024-09-10 23:59:59 (UTC)
How to join the campaign and stake SOL in the Marinade liquid staking pool?
1. Log into your Binance Web3 Wallet and go to [Earn] - [Yield+]. Tap the Marinade SOL Liquid Staking Campaign banner, or tap [Stake] within the Marinade project under the Solana tab.
On the campaign landing page, tap [Join Now].
2. Tap [Complete Now] and you’ll be redirected to the Marinade liquid staking pool.
3. Enter the desired amount to stake. Please note that you must stake at least 0.5 MSOL equivalent to be eligible to participate in the campaign.
Confirm the priority fee and tap [Stake].
4. Upon successful staking, you will start receiving MSOL rewards. You can check the reward balance from your Binance Web3 Wallet homepage and the Marinade Liquid Staking Pool page.
How to check my accumulated MNDE rewards?
1. Log into your Binance Web3 Wallet and go to [Earn] - [Yield+]. Choose [Solana] - [Marinade].
2. You’ll be able to check the accumulated MNDE rewards here.
Reward calculation and distribution
The ultimate reward amount will be determined based on both the quantity of SOL staked in the Marinade liquid staking pool and the duration of MSOL holdings.
For reference, MNDE rewards could be estimated using the following formula:
MNDE Reward Quantity = MSOL Quantity * Holding Days (Calendar Days) / 90
*Any accumulated reward amount that falls below 0.5 MNDE will not be displayed or distributed.
Example 1:
User A staked 1 SOL for 0.83 MSOL. They staked for 40 days during the promotion period, their reward amount will be:
0.83 MSOL * 40 / 90 = 0.3688 MNDE
Since the final reward amount is lower than 0.5 MNDE, the reward will not be distributed.
Example 2:
User B staked 1 SOL for 0.83 MSOL. They staked for 55 days during the promotion period, their reward amount will be:
0.83 MSOL * 55 / 90 = 0.5072 MNDE
Since the final reward amount is higher than 0.5 MNDE, the reward will be distributed to User B before 2024-10-10 23:59 (UTC).
Note:
- It may take up to 48 hours for the system to display and update the MNDE reward amount. Please note that the amount displayed is for reference only and may not be the final reward amount.
- Rewards in MNDE will be airdropped all at once on the Solana Chain to your Binance Web3 Wallet before 2024-10-10 23:59 (UTC).
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