[Proposal] Launch 160M MNDE “Open Doors” TVL Program

Gm, Mara from Rain.fi, here to confirm our participation in the Open Doors program :slight_smile:
We’re the first lending protocol facilItate loans on mSOL!

8 Likes

Greetings, Chefs!

This is Icy from Francium. Happy to confirm Francium’s participation in the Open Doors program.

Looking forward to seeing mSOL grow!

6 Likes

Gm, mst from tulip.garden.

Confirming Tulip’s participation in the Open Doors program.

:heart: :tulip:

8 Likes

Orca would like to confirm it’s participation in the Open Doors program!

9 Likes

GM fellow chefs!

Ronny here, from SunriseStake.com. that allows you to stake SOL and help grow more trees. When you stake your SOL for gSOL, it is deposited into Marinade to earn yield. This yield is used to support nature + climate positive projects.

Confirming Sunrise’s participation in the Open Doors Program.

Excited to contribute to mSOL adaption!

4 Likes

Lifinity confirms its participation in the Open Doors Program :saluting_face:

7 Likes

Hi, Meteora (previously Mercurial) would like to participate in the Open Doors program.

Zhen

5 Likes

really interesting to hear who will be eligible for this TVL program (40m net SOL staked), cause, i think, it will boost greatly net flow of SOL to the Marinade Protocol. Moreover, increasing the SOL TVL itself by locking it in the LPs around here. But the long distribution method of the MNDE reward i like the most

3 Likes

we’re going to participate in this at mrgn

4 Likes

awesome, by “mrgn” u mean Marinade?

1 Like

marginfi – solana’s new borrow-lend protocol :slight_smile:

2 Likes

i thought this program is implemented only on Marinade Finance, as it was referred to it in the proposal, but still interesting if other platforms will share it as well

1 Like

Hawksight will be participating

7 Likes

Howdy, Chefs!

This is cobra from cypher. Happy to confirm cypher’s participation in the Open Doors program.

Cypher enables margin trading and borrow/lending of mSOL, as well as support mSOL deposits as collateral! https://app.cypher.trade

5 Likes

Hell Folks - This is Ata from PsyFi. Posting on this thread to confirm we have launched a mSOL borrow / lend market on PsyLend and are participating in the open doors program. PsyLend is a lending protocol aimed at brining additional capital efficiency for vault products.

We’re also happy to announce that we’ve put enabled $PSY Call Option liquidity mining rewards on the borrow side of the mSOL as well.

Check it out at PsyFinance | Put your crypto to work. and do let us know your feedback!

4 Likes

hey nope repping solend here. just posting to confirm participation for the opendoor program now.

4 Likes

After 2 months, the first payout of the Open doors program has been sent.
Because the TVL between February 1st and March 31st only grew by 20,734 mSOL, the maximum amount of MNDE that can be distributed over this phase is: (20,734*4)/6 = 13822.6666667 MNDE

Those 13822 MNDE have been sent to 16 participants with a positive mSOL growth over the 2-month average! The protocols or partners having a negative average delta between their starting balance and March 31st are considered null. You’ll find below the details:

Partner - Average TVL delta - MNDE to receive

Francium - +2177 mSOL - 238.65 MNDE 
Hawksight - +79 mSOL - 8.66 MNDE
Hubble - +5028 mSOL - 551.2 MNDE
Kamino - +15665 mSOL - 1717.28 MNDE
Lfinity - +1404 mSOL - 153.91 MNDE
Meteora - +787 mSOL - 86.27 MNDE
Mrgn - +9076 mSOL - 994.96 MNDE
PoolParty - +101 mSOL - 11.07 MNDE
PsyLend - +119 mSOL - 13.05 MNDE
Rain.fi - +3 mSOL - 0.33 MNDE
Raydium - +3903 mSOL - 427.87 MNDE
Sunrise - +36 mSOL - 3.95 MNDE
Tulip - +181 mSOL - 19.84 MNDE

Sonar -  +447 mSOL - 49 MNDE
Squads - +5430 mSOL - 595.26 MNDE
Socrates - +236 mSOL - 25.87 MNDE
Solflare -  +79229 mSOL - 8685.49 MNDE 

Thank you, everyone, for participating, we saw numerous mSOL use-cases appear during the last 2 months and it’s the path forward to revive DeFi together!

5 Likes

Hey, this is juju representing Drift Protocol. Drift will be participating in the Open Doors program.

4 Likes

This is Eric from LP Finance. We are confirming to participate in the Open Doors program!

Check out our app on https://app.lp.finance!

5 Likes

The second payout of the Open doors program, for the period April 1st - May 31st has been calculated and will be sent shortly.
This period saw a much more significant growth, with a mSOL TVL that grew by 500,077 mSOL compared to February 1st!

This means that Marinade will distribute (500,077*4)/6 = 333,885 MNDE. The protocols or partners having a negative average delta between their starting balance and the period April 1st - May 31st are considered null and were excluded of the list below.

Note: Validators receiving stake from the Directed stake have a low average because the product was launched late in the period. They will benefit from the Open doors much more in the next period.

Partner - Average TVL delta - MNDE to receive

Protocols:

Drift - +6,956 mSOL - +11,100 MNDE
Francium - +887 mSOL - 1,416 MNDE
Hubble - +13,323 mSOL - 21,260 MNDE
Kamino - +12,566 mSOL - 17,505 MNDE
Larix - +1,835 mSOL - 2,929 MNDE
Lifinity - +1,637 mSOL - 2,613 MNDE
Meteora - +3,672 mSOL - 5,860 MNDE
Mrgn - +14,267 mSOL - 22,766 MNDE
PoolParty - +228 mSOL - 364 MNDE
PsyOptions - +919 mSOL - 1,466 MNDE
Raydium - +7,022 mSOL - 11,205 MNDE
Solend - +24,554 mSOL - 39,183 MNDE
Tulip - +6,920 - 11,043 MNDE

Referrals:

Solflare (referral) - +111,671 mSOL - 178,201 MNDE

Validators through Directed stake:

2ayMCC4aizr8RGg5ptXYqu8uoxW1whNek1hE1zaAd58z - +63 mSOL - 101 MNDE
5iZ5PQPy5Z9XDnkfoWPi6nvUgtxWnRFwZ36WaftPuaVM - +1 mSOL - 2 MNDE
5tq4wWgnwRiJVU6nakZrBCZJ63pMEZJxmVrL2WnZ6yQv - +40 mSOL - 64 MNDE
7K8DVxtNJGnMtUY1CQJT5jcs8sFGSZTDiG7kowvFpECh - +351 mSOL - 561 MNDE
9xEFsHZt2mbuGQjtVGABxpeQiNeDvj54pfsJrrrUUev6 - +27 mSOL - 44 MNDE
9xSvmMmFmG9atApxNDH5MY3pxKdicMKAGf7dNrwbTV1q - +1 mSOL - 1 MNDE
BWkvytz3MAiLkUbMuYK5yV1VYThbBYYQYG3gdef8NLw5 - +25 mSOL - 39 MNDE
CogentC52e7kktFfWHwsqSmr8LiS1yAtfqhHcftCPcBJ - +4 mSOL - 6 MNDE
DfpdmTsSCBPxCDwZwgBMfjjV8mF8xHkGRcXP8dJBVmrq - +15 mSOL - 23 MNDE
EARNynHRWg6GfyJCmrrizcZxARB3HVzcaasvNa8kBS72 - +58 mSOL - 93 MNDE
GA2t11gJcmuZ4y7pShTzgYDkxVaJaVQJqkVUqojhPPsT - +1 mSOL - 2 MNDE
gangtRyGPTvYWb8K3xS2feJQaCks4iJ7rytFUPtVqSY - +268 mSOL - 428 MNDE
GvZEwtCHZ7YtCkQCaLRVEXsyVvQkRDhJhQgB6akPme1e - +4 mSOL - 6 MNDE
H7fXvnLCKtZqJBTipxeseabGfAZUdHJ9XuP6hCKrbvUb - +1 mSOL - 2 MNDE
J1to3PQfXidUUhprQWgdKkQAMWPJAEqSJ7amkBDE9qhF - +2 mSOL - 4 MNDE
juicQdAnksqZ5Yb8NQwCLjLWhykvXGktxnQCDvMe6Nx - +99 mSOL - 157 MNDE
LodezVTbz3v5GK6oULfWNFfcs7D4rtMZQkmRjnh65gq - +38 mSOL - 60 MNDE
Luck3DN3HhkV6oc7rPQ1hYGgU3b5AhdKW9o1ob6AyU9 - +117 mSOL - 186 MNDE
mintrNtxN3PhAB45Pt41XqyKghTTpqcoBkQTZqh96iR - +1,342 mSOL - 2,142 MNDE

5 Likes