Hi all, this is Anders from mrgn.
What do we propose?
We are proposing Marinade’s DAO add a gauge to the mSOL pool on marginfi/mrgnlend. We see this as an opportunity to grow mSOL’s dominance in Solana DeFi and create a better staking experience with our upcoming superstake product.
marginfi has seen strong initial traction in the mSOL pool. There are currently over 11,000 mSOL in deposits just a few weeks after listing with 0 incentives.
marginfi has additionally seen strong community demand for a gauge to be added. Numerous request can be found in the responses to marginfi’s tweets and in the Marinade Discord.
The addition of $MNDE incentives will accelerate these positive flywheels in place and lead to greater mSOL adoption.
If the community is supportive of this proposal, we’d like to work together to come up with an initial commitment of MNDE rewards to support the development commitment on our end and also a plan to increase rewards if certain new mSOL growth milestones are reached.