Marinade DAO Executes Token Exchange Program To Align With Leading Solana Builders

Marinade is pleased to officially announce the next chapter of the DAO through the execution of the Token Exchange Program. Through the token exchange, Marinade is aligning with a collection of key builders across the Solana ecosystem. As shared in the Marinade DAO Forum, The Token Exchange Program will enable Marinade to exchange a total of 9.835M MNDE for 483k USDC and 500k SLND. An additional 1.2M MNDE will be distributed in exchange for 1M SOL staked to Marinade for at least a year. Among the Solana DeFi protocols participating in the exchange with Marinade are: Raydium, Solend, Port Finance and others. Validators participating are Blockdaemon, Staking Facilities, Laine, Shinobi Systems, Stakin, Cogent Crypto and Solana Compass. At the beginning of 2022, Marinade shared that one of its key goals for the year was to decentralize the organization from the core founding team into a community-driven DAO. In April, on-chain governance was activated. This concept came with...
Source : Marinade DAO Executes Token Exchange Program To Align With Leading Solana Builders

Comments

Post a Comment

Popular posts from this blog

Future Subnet: Numbers Blockchain Testnet (Snow) Launch

Image
Numbers Blockchain is thrilled to announce the debut of their official Testnet (Snow). They welcome the public to participate in the testing of the new platform and to offer suggestions so that they may improve their offering. About The Launch Of Testnet (Snow) As they get closer to the Mainnet (Jade) launch, their team is working assiduously to enhance their network and leverage the potential of Numbers Protocol and the Web 3.0 decentralized picture network it enables. The first step will be the deployment of the Testnet (Snow), which will be an essential part of the Numbers Blockchain and enable the fundamental operations of the Numbers Protocol. By giving people and platforms the means to secure their assets through blockchain technology, it will also enable Numbers Protocol to demonstrate its actual worth to the digital media field. “The release of an official blockchain is one of the most exciting things a Web3 project can do. We are looking forward to seeing Numb... Sourc
Read more

New Future For AVAX: Emin reveals roadmap of Avalanche

Image
Hello Avaxholic, is your last week updated with useful news? Today, we want to bring to you a hot story of Ava Labs's CEO when in Avalanche Summit's Interview with Cointelegraph. About The Meeting With Emin For Avalanche Summit, Cointelegraph's staff went to Barcelona, Spain. They are thrilled to speak with Emin Gün Sirer, the founder and CEO of Ava Labs, in this initial interview from the occasion. Benton and Emin discuss the Avalanche ecosystem's future, the motivations behind the creation of Ava Labs, the secrets to success, and some forecasts for the year 2022. Besides being asked about the secret of Avalanche's rapid and outstanding success, Emin is also expected to answer about Avanche's future through a question about Ava Labs related to bridges: “Is interoperability an area of development focus for Ava Labs?” “Absolutely. So we're thrilled about the bridge that we ourselves built because it's so cheap to use for value transfers. There are o
Read more

REIT — The foundation for the development of METAIN

Image
With a view to creating values of humanism, METAIN desires to share the burden of investment capital for young people, especially those with an average income, which means that they can still enter this market and make efforts to create a solution for their own lives. In other words, everyone is provided with a chance to invest in real estate in the central areas of big cities — something that is quite difficult for an average person to do. METAIN “forces itself” to operate according to REIT regulations to provide the highest security for investors’ interests. METAIN also applies blockchain technology to make “investing in a million-dollar real estate” a reality, even if you are not a millionaire. With only 10 USD, investors can have a chance to co-invest a part of properties located in the center of Ho Chi Minh City and Hanoi. Thereby, METAIN can help investors with a small amount of idle money to earn extra monthly income safely and effectively. Throughout the REIT’s histor...
Read more