Solana staking protocol Marinade DAO has proposed a new proposal to unlock 50 million MNDE tokens for the “Marinade Earn Season 3” reward activity. The main difference between Season 3 and the previous Seasons 1-2 is that it will focus more on deepening the on-chain liquidity of mSOL, a relative weakness of Marinade in the SOL LST protocol compared to other protocols such as Jito.
Specifically, the proposal proposes to allocate 25 million MNDEs by implementing a strategy on Solend, thereby increasing the profitability of the cycle of staking from Meteora mSOL/SOL compared to current mSOL pools (such as Solend and Kamino) and other SOL LSTs, thereby deepening the liquidity of mSOL in DeFi.
In addition, the proposal also suggests allocating an additional 25 million MNDEs to incentivize the pairing of existing and upcoming Solana ecosystem tokens with mSOL, thereby further embedding mSOL into the Solana economy and deepening its liquidity.