Marinade Finance is the first non-custodial liquid staking protocol built on the Solana blockchain. It aims to strengthen and decentralize Solana and facilitate the adoption of decentralized finance around the world. Marinade improves the decentralization of Solana by using a validator delegation algorithm established by the Solana Foundation. The platform has been founded with four core principles of decentralization, independence, interoperability, and adoption. Marinade has been among the projects with the highest total value locked (TVL) on Solana.

Marinade operates as a decentralized autonomous organization (DAO) using MNDE token for its governance. Holders of mSOL can stake their tokens to farm MDNE tokens on several Solana protocols. Users can also lock their MNDE in exchange for an NFT. This NFT will display the amount of locked MNDE in its metadata. Using NFTs, holders are able to submit or vote on proposals for the Marinade DAO or use the gauges to determine where they want to direct certain allocations.

The required data for this dashboard were collected from different tables of the core schema of the solana database. The proper Marinade Finance contract addresses were selected from its official documentation. The year-to-date period was selected as the timeframe of the analysis. The refresh rate of the queries has been set to daily. In this analysis, the staking of SOL into Marinade, the price ratio of mSOL to SOL, the staking of MNDE, the sales of Marinade Chef NFTs, and the transfers of mSOL and MNDE have been evaluated.

The dashboard has been created in a self-explanatory manner without any description. This is because any text in the dashboard will probably become irrelevant in the future due to changes in the charts. Also, other metrics will gradually add to this dashboard to cover all the aspects of Marinade Finance activities.

Users can stake their SOL tokens in exchange for the mSOL tokens as the liquid collateralized version of SOL and deploy that on different projects throughout the Solana DeFi ecosystem. Users also, earn passive yield by staking their SOL on the platform. The mSOL token is the most integrated liquid staking token of the Solana blockchain and was designed to easily be utilized by projects within the Solana ecosystem.