# Latest **URL:** https://forum.marinade.finance/latest.md [Latest](https://forum.marinade.finance/latest.md) · [Categories](https://forum.marinade.finance/categories.md) · [Tags](https://forum.marinade.finance/tags.md) --- ## [MIP-23: Full Validator Coverage of PSR Downtime](https://forum.marinade.finance/t/mip-23-full-validator-coverage-of-psr-downtime/1998)
**Author:** [@chalda](https://forum.marinade.finance/u/chalda)\ **Replies:** 0\ **Last updated:** [August 14, 2026, 1:20pm UTC](https://forum.marinade.finance/t/mip-23-full-validator-coverage-of-psr-downtime/1998 "2026-08-14T13:20:20Z")
Abstract Move PSR downtime coverage to 100% validator-covered, removing the DAO’s remaining share. Validators cover the full charge across the 0%-99% uptime band for stake delegated through the SAM auction. The 1% grace… --- ## [MIP-22 MNDE Liquidity and Staking Rewards](https://forum.marinade.finance/t/mip-22-mnde-liquidity-and-staking-rewards/1993)
**Author:** [@tvojeprdel](https://forum.marinade.finance/u/tvojeprdel)\ **Replies:** 2\ **Last updated:** [June 25, 2026, 9:28am UTC](https://forum.marinade.finance/t/mip-22-mnde-liquidity-and-staking-rewards/1993 "2026-06-25T09:28:24Z")
Abstract This proposal does two things. First, it deepens MNDE on-chain liquidity by seeding the existing 0.3% fee MNDE-mSOL pool with 10M MNDE from the DAO treasury. Second, it activates an MNDE Staking Rewards Program … --- ## [Building Stronger Liquidity](https://forum.marinade.finance/t/building-stronger-liquidity/1988)
**Author:** [@axlexchong](https://forum.marinade.finance/u/axlexchong)\ **Replies:** 1\ **Last updated:** [April 17, 2026, 10:05am UTC](https://forum.marinade.finance/t/building-stronger-liquidity/1988 "2026-04-17T10:05:43Z")
It has been four months since the implementation of MIP-17. The on-chain liquidity of MNDE is only 300k with a 1% trading fee, while the competing project JTO has 1m liquidity and a 0.3% trading fee. The main reason is t… --- ## [Stake MNDE to receive SOL](https://forum.marinade.finance/t/stake-mnde-to-receive-sol/1986)
**Author:** [@axlexchong](https://forum.marinade.finance/u/axlexchong)\ **Replies:** 0\ **Last updated:** [April 14, 2026, 9:03am UTC](https://forum.marinade.finance/t/stake-mnde-to-receive-sol/1986 "2026-04-14T09:03:22Z")
MNDE Staking Proposal The price of MNDE has long been undervalued without effective price discovery. The previous 50% revenue buyback model strained project cash flow and was unsustainable. I propose switching to Stake… --- ## [MIP-21 - Exchange mSOL from the DAO Treasury with the Council Wallet and redirect fees to the Council wallet](https://forum.marinade.finance/t/mip-21-exchange-msol-from-the-dao-treasury-with-the-council-wallet-and-redirect-fees-to-the-council-wallet/1975)
**Author:** [@Cerba](https://forum.marinade.finance/u/Cerba)\ **Replies:** 3\ **Last updated:** [February 3, 2026, 1:11pm UTC](https://forum.marinade.finance/t/mip-21-exchange-msol-from-the-dao-treasury-with-the-council-wallet-and-redirect-fees-to-the-council-wallet/1975 "2026-02-03T13:11:43Z")
Introduction Since MIP-15 passed, protocol revenues are directly accrued to the DAO treasury, while the Marinade Labs team received a 100M MNDE grant to fund operations for the next 12 to 18 months. This change means th… --- ## [MIP-19: Improving SAM - Auction Stake Priority, Bond Risk Reduction Mechanism, Higher Validator Caps](https://forum.marinade.finance/t/mip-19-improving-sam-auction-stake-priority-bond-risk-reduction-mechanism-higher-validator-caps/1969)
**Author:** [@kron](https://forum.marinade.finance/u/kron)\ **Replies:** 1\ **Last updated:** [December 22, 2025, 3:01pm UTC](https://forum.marinade.finance/t/mip-19-improving-sam-auction-stake-priority-bond-risk-reduction-mechanism-higher-validator-caps/1969 "2025-12-22T15:01:11Z")
Introduction SAM was built to help Solana stake flow to validators that deliver the best returns, ensuring stakers consistently earn the best APY on the market. As market conditions have evolved, some of SAM’s original a… --- ## [MIP-18 - Marinade Fee Structure Revamp \[UPDATED\]](https://forum.marinade.finance/t/mip-18-marinade-fee-structure-revamp-updated/1967)
**Author:** [@helloiamvu](https://forum.marinade.finance/u/helloiamvu)\ **Replies:** 1\ **Last updated:** [December 22, 2025, 3:00pm UTC](https://forum.marinade.finance/t/mip-18-marinade-fee-structure-revamp-updated/1967 "2025-12-22T15:00:33Z")
\[UPDATED\] Abstract This proposal suggests modifying the fee structure outlined in MIP-5. The updated structure removes the fixed 9.5% performance fee on Marinade products and replaces it with a conditional fee that is ch… --- ## [MIP-17: Refocusing from Buybacks to Building Liquidity](https://forum.marinade.finance/t/mip-17-refocusing-from-buybacks-to-building-liquidity/1960)
**Author:** [@helloiamvu](https://forum.marinade.finance/u/helloiamvu)\ **Replies:** 1\ **Last updated:** [December 22, 2025, 3:00pm UTC](https://forum.marinade.finance/t/mip-17-refocusing-from-buybacks-to-building-liquidity/1960 "2025-12-22T15:00:09Z")
Abstract This proposal recommends that the DAO pause its current MNDE buyback program and instead accumulate mSOL in the treasury. The goal is to enable deeper MNDE/mSOL liquidity across decentralized exchanges. The accu… --- ## [MIP-20 Stopping Burning MNDE and Starting Buy and Distribute Mechanism](https://forum.marinade.finance/t/mip-20-stopping-burning-mnde-and-starting-buy-and-distribute-mechanism/1970)
**Author:** [@berkantsc](https://forum.marinade.finance/u/berkantsc)\ **Replies:** 0\ **Last updated:** [December 21, 2025, 5:41am UTC](https://forum.marinade.finance/t/mip-20-stopping-burning-mnde-and-starting-buy-and-distribute-mechanism/1970 "2025-12-21T05:41:50Z")
Hello, Many projects apply Buy and Distribute projects instead of burning mechanism. So, For MNDE, According to VeMNDE power, Every end of the months Protocol revenue will buy back MNDE on open market maybe weekly, and … --- ## [MIP-16: Deploying DAO Assets into MNDE/mSOL Liquidity \[UPDATED\]](https://forum.marinade.finance/t/mip-16-deploying-dao-assets-into-mnde-msol-liquidity-updated/1959)
**Author:** [@helloiamvu](https://forum.marinade.finance/u/helloiamvu)\ **Replies:** 1\ **Last updated:** [December 7, 2025, 3:06am UTC](https://forum.marinade.finance/t/mip-16-deploying-dao-assets-into-mnde-msol-liquidity-updated/1959 "2025-12-07T03:06:44Z")
UPDATED Abstract This proposal authorizes transferring all DAO-held mSOL to a Council-governed Squads wallet. The wallet will exchange this mSOL for MNDE with the Labs operations wallet at fair market value. The acquired… --- ## [Clarification on bond formula, CPMPE calculation, and bond maintenance in SAM](https://forum.marinade.finance/t/clarification-on-bond-formula-cpmpe-calculation-and-bond-maintenance-in-sam/1961)
**Author:** [@Yevi\_LumLabs](https://forum.marinade.finance/u/Yevi_LumLabs)\ **Replies:** 0\ **Last updated:** [November 13, 2025, 2:27pm UTC](https://forum.marinade.finance/t/clarification-on-bond-formula-cpmpe-calculation-and-bond-maintenance-in-sam/1961 "2025-11-13T14:27:11Z")
Hi everyone, I’m reviewing how SAM works and noticed that the PSR bond shown in the calculator doesn’t match the old “1 SOL per 10,000 SOL” rule. Could someone clarify: What is the current formula for calculating th… --- ## [Burn 100% of the buybacks](https://forum.marinade.finance/t/burn-100-of-the-buybacks/1943)
**Author:** [@MikeAF](https://forum.marinade.finance/u/MikeAF)\ **Replies:** 3\ **Last updated:** [October 29, 2025, 1:18pm UTC](https://forum.marinade.finance/t/burn-100-of-the-buybacks/1943 "2025-10-29T13:18:24Z")
If the treasury is seemingly going to be holding 300M+ of uncirculated supply after MIP-14 passes, then there is absolutely no need for it to accumulate more $MNDE. Buying it isn’t technically “reducing supply”. Its mos… --- ## [PRIVATE pools without sandwiches? No! — that doesn’t exist!](https://forum.marinade.finance/t/private-pools-without-sandwiches-no-that-doesn-t-exist/1920)
**Author:** [@Shiroi](https://forum.marinade.finance/u/Shiroi)\ **Replies:** 7\ **Last updated:** [October 22, 2025, 1:13pm UTC](https://forum.marinade.finance/t/private-pools-without-sandwiches-no-that-doesn-t-exist/1920 "2025-10-22T13:13:42Z")
Hello, Marinade community! This time we’re coming to you with new research — we’re sure you’ll find it interesting! Old Problems in a New Wrapper We received reports from fellow validators: they were approached with off… --- ## [MIP.2: Adjustment of PSR Coverage](https://forum.marinade.finance/t/mip-2-adjustment-of-psr-coverage/1653)
**Author:** [@Robe](https://forum.marinade.finance/u/Robe)\ **Replies:** 2\ **Last updated:** [October 5, 2025, 2:52pm UTC](https://forum.marinade.finance/t/mip-2-adjustment-of-psr-coverage/1653 "2025-10-05T14:52:15Z")
Abstract: Marinade proposes to adjust the Protected Staking Rewards (PSR) coverage mechanism to redistribute the responsibility for downtime losses between Marinade and validators more equitably. Under the current syste… --- ## [MIP-14: Burn 5–50% of MNDE Total Supply](https://forum.marinade.finance/t/mip-14-burn-5-50-of-mnde-total-supply/1909)
**Author:** [@fisiroky](https://forum.marinade.finance/u/fisiroky)\ **Replies:** 13\ **Last updated:** [September 1, 2025, 8:37am UTC](https://forum.marinade.finance/t/mip-14-burn-5-50-of-mnde-total-supply/1909 "2025-09-01T08:37:56Z")
Abstract We propose holding an opinion vote on burning 5–50% of the total MNDE supply, held in the DAO treasury. Based on the vote’s outcome, the selected burn amount will then be executed via the Realms-controlled treas… --- ## [MIP15: Activate the Protocol Fees Flow to the Marinade Foundation and Grant 100M MNDE to Marinade Labs for Operations](https://forum.marinade.finance/t/mip15-activate-the-protocol-fees-flow-to-the-marinade-foundation-and-grant-100m-mnde-to-marinade-labs-for-operations/1922)
**Author:** [@helloiamvu](https://forum.marinade.finance/u/helloiamvu)\ **Replies:** 4\ **Last updated:** [August 21, 2025, 7:20pm UTC](https://forum.marinade.finance/t/mip15-activate-the-protocol-fees-flow-to-the-marinade-foundation-and-grant-100m-mnde-to-marinade-labs-for-operations/1922 "2025-08-21T19:20:13Z")
Summary This proposal asks the DAO to activate the flow of protocol fees into the Marinade Foundation and to allocate 100M MNDE from the DAO treasury to Marinade Labs for operations over the next 12 to 18 months. Beginn… --- ## [\[Proposal\] Launch 160M MNDE “Open Doors” TVL Program](https://forum.marinade.finance/t/proposal-launch-160m-mnde-open-doors-tvl-program/398)
**Author:** [@repe](https://forum.marinade.finance/u/repe)\ **Replies:** 49\ **Last updated:** [March 15, 2024, 1:32pm UTC](https://forum.marinade.finance/t/proposal-launch-160m-mnde-open-doors-tvl-program/398 "2024-03-15T13:32:22Z")
What do you propose? Distribute up to 160M MNDE (16% total supply) to those contributing to NEW 40M net SOL staked into Marinade (1,000 SOL deposit assigns up to 4,000 MNDE). MNDE distribution will be split into six bi-… --- ## [MIP-13: Introduction of Active Staking Rewards Program](https://forum.marinade.finance/t/mip-13-introduction-of-active-staking-rewards-program/1895)
**Author:** [@helloiamvu](https://forum.marinade.finance/u/helloiamvu)\ **Replies:** 2\ **Last updated:** [August 7, 2025, 11:56am UTC](https://forum.marinade.finance/t/mip-13-introduction-of-active-staking-rewards-program/1895 "2025-08-07T11:56:18Z")
(Updated to Remove MNDE Validator Voting Mechanism) Abstract Following the recent approval of MIP-11 (MNDE buybacks) and MIP-5 (MNDE-Enhanced Staking), this proposal refines both mechanisms during the implementation ph… --- ## [MIP-12: Migrate Campaign - Accelerate Marinade Native TVL Growth with 25M MNDE Budget](https://forum.marinade.finance/t/mip-12-migrate-campaign-accelerate-marinade-native-tvl-growth-with-25m-mnde-budget/1876)
**Author:** [@helloiamvu](https://forum.marinade.finance/u/helloiamvu)\ **Replies:** 4\ **Last updated:** [July 16, 2025, 12:23pm UTC](https://forum.marinade.finance/t/mip-12-migrate-campaign-accelerate-marinade-native-tvl-growth-with-25m-mnde-budget/1876 "2025-07-16T12:23:07Z")
Abstract This proposal requests 25M MNDE from the Marinade DAO treasury to fund the “Migrate” campaign targeting 2.5M SOL TVL growth through strategic incentivization of stake migration to Marinade Native. The budget sup… --- ## [Proposal : Introduction of a New Penalty Mechanism for Sandwich Attackers](https://forum.marinade.finance/t/proposal-introduction-of-a-new-penalty-mechanism-for-sandwich-attackers/1866)
**Author:** [@SouthCloud0703](https://forum.marinade.finance/u/SouthCloud0703)\ **Replies:** 5\ **Last updated:** [July 16, 2025, 9:34am UTC](https://forum.marinade.finance/t/proposal-introduction-of-a-new-penalty-mechanism-for-sandwich-attackers/1866 "2025-07-16T09:34:05Z")
Current Issues Despite the implementation of MIP-9 (which blocklisted malicious validators from the stake auction marketplace), several problems persist: The ban has proven to be only temporary and insufficient. Some b… --- ## [MIP.11: Initiating MNDE Token Buybacks](https://forum.marinade.finance/t/mip-11-initiating-mnde-token-buybacks/1838)
**Author:** [@nallok](https://forum.marinade.finance/u/nallok)\ **Replies:** 2\ **Last updated:** [June 30, 2025, 5:09pm UTC](https://forum.marinade.finance/t/mip-11-initiating-mnde-token-buybacks/1838 "2025-06-30T17:09:33Z")
Abstract With the successful rollout of the Stake Auction Marketplace (SAM), Marinade has introduced a powerful new mechanism that allows validators to bid for stake, guarantee APY, and drive yields beyond the market sta… --- ## [Incident Report: 37,000 SOL in Losses — A Call for Investigation and Action](https://forum.marinade.finance/t/incident-report-37-000-sol-in-losses-a-call-for-investigation-and-action/1853)
**Author:** [@Shiroi](https://forum.marinade.finance/u/Shiroi)\ **Replies:** 34\ **Last updated:** [June 17, 2025, 4:35pm UTC](https://forum.marinade.finance/t/incident-report-37-000-sol-in-losses-a-call-for-investigation-and-action/1853 "2025-06-17T16:35:29Z")
Dear Solana community — validators, stakers, developers, and ecosystem fund representatives. I’m writing on behalf of the Shiroi project, a team actively building on Solana. After learning that certain validators had di… --- ## [MIP.8.1: Sunset of Delayed Unstake to Tickets (Re-Proposal)](https://forum.marinade.finance/t/mip-8-1-sunset-of-delayed-unstake-to-tickets-re-proposal/1848)
**Author:** [@Robe](https://forum.marinade.finance/u/Robe)\ **Replies:** 0\ **Last updated:** [April 24, 2025, 1:47pm UTC](https://forum.marinade.finance/t/mip-8-1-sunset-of-delayed-unstake-to-tickets-re-proposal/1848 "2025-04-24T13:47:50Z")
Abstract This proposal revisits MIP.8 to sunset the existing Delayed Unstake mechanism that issues claimable SOL “tickets” and replace it with stake accounts. It also proposes the introduction of a 10 bps fee on delayed… --- ## [MIP.9 - Blocklisting malicious validators from Stake Auction Marketplace to combat sandwich attacks](https://forum.marinade.finance/t/mip-9-blocklisting-malicious-validators-from-stake-auction-marketplace-to-combat-sandwich-attacks/1716)
**Author:** [@kron](https://forum.marinade.finance/u/kron)\ **Replies:** 3\ **Last updated:** [February 16, 2025, 2:06pm UTC](https://forum.marinade.finance/t/mip-9-blocklisting-malicious-validators-from-stake-auction-marketplace-to-combat-sandwich-attacks/1716 "2025-02-16T14:06:25Z")
Introduction Based on widespread community concerns and transparent research findings, this DAO proposal seeks to implement a blocklist mechanism within the Stake Auction Marketplace (SAM). Sandwich attacks—where validat… --- ## [MIP.10 - Simplification of SAM's Delegation Strategy](https://forum.marinade.finance/t/mip-10-simplification-of-sams-delegation-strategy/1713)
**Author:** [@Robe](https://forum.marinade.finance/u/Robe)\ **Replies:** 2\ **Last updated:** [February 14, 2025, 1:50pm UTC](https://forum.marinade.finance/t/mip-10-simplification-of-sams-delegation-strategy/1713 "2025-02-14T13:50:47Z")
Abstract: Marinade Finance proposes to refine its delegation strategy by removing max and min stake constraints and increasing the per-validator cap on Marinade’s TVL from 2% to 4%. These changes aim to simplify the del… --- ## [MIP.5 - SAM Bid Routing To MNDE Stakers](https://forum.marinade.finance/t/mip-5-sam-bid-routing-to-mnde-stakers/1700)
**Author:** [@nallok](https://forum.marinade.finance/u/nallok)\ **Replies:** 3\ **Last updated:** [February 7, 2025, 7:27pm UTC](https://forum.marinade.finance/t/mip-5-sam-bid-routing-to-mnde-stakers/1700 "2025-02-07T19:27:59Z")
Abstract Marinade has successfully built and deployed a stake auction marketplace (SAM) system, which allows validators to bid/tip for stake, guarantee APY, and enables the yield of Marinade to beat any other stake pool. … --- ## [MIP.7: Marinade Earn — Season 4](https://forum.marinade.finance/t/mip-7-marinade-earn-season-4/1709)
**Author:** [@CrispimH](https://forum.marinade.finance/u/CrispimH)\ **Replies:** 2\ **Last updated:** [January 28, 2025, 6:40pm UTC](https://forum.marinade.finance/t/mip-7-marinade-earn-season-4/1709 "2025-01-28T18:40:25Z")
Abstract This proposal seeks 12.5 million MNDE tokens from the Marinade DAO treasury and the unspent 10,694,714.13 MNDE tokens from the Marinade Earn — Season 3 campaign to fund the continuation and expansion of liquidit… --- ## [MIP.6 Boost Marinade’s Growth & Awareness with (21M) MNDE budget for 2025 initiatives](https://forum.marinade.finance/t/mip-6-boost-marinade-s-growth-awareness-with-21m-mnde-budget-for-2025-initiatives/1701)
**Author:** [@CrispimH](https://forum.marinade.finance/u/CrispimH)\ **Replies:** 4\ **Last updated:** [January 28, 2025, 6:39pm UTC](https://forum.marinade.finance/t/mip-6-boost-marinade-s-growth-awareness-with-21m-mnde-budget-for-2025-initiatives/1701 "2025-01-28T18:39:53Z")
Install a 12-month (2025) budget of up to 21M MNDE to secure key Marketing partnerships and promotions to drive TVL growth, brand awareness, product education, and user adoption. Abstract This proposal seeks 21M MNDE fr… --- ## [MIP.4 Fund Research and Development for Advancements to Solana Staking Protocol Marinade](https://forum.marinade.finance/t/mip-4-fund-research-and-development-for-advancements-to-solana-staking-protocol-marinade/1696)
**Author:** [@lj1024](https://forum.marinade.finance/u/lj1024)\ **Replies:** 4\ **Last updated:** [January 28, 2025, 6:39pm UTC](https://forum.marinade.finance/t/mip-4-fund-research-and-development-for-advancements-to-solana-staking-protocol-marinade/1696 "2025-01-28T18:39:23Z")
Abstract This proposal seeks 10.5M MNDE from the Marinade DAO treasury to fund research and development to enhance the functionality and resilience of the Solana staking protocol, Marinade. The initiative will focus on d… --- ## [MIP.8: Sunset of Delayed Unstake to Tickets](https://forum.marinade.finance/t/mip-8-sunset-of-delayed-unstake-to-tickets/1710)
**Author:** [@Robe](https://forum.marinade.finance/u/Robe)\ **Replies:** 1\ **Last updated:** [January 27, 2025, 6:18pm UTC](https://forum.marinade.finance/t/mip-8-sunset-of-delayed-unstake-to-tickets/1710 "2025-01-27T18:18:23Z")
Abstract: Marinade Finance proposes to modify the Delayed Unstake feature for mSOL, aligning it with industry best practices and ensuring better protection for Marinade’s treasury. Under the new mechanism, users will re… [Next page](https://forum.marinade.finance/latest.md?page=1)