Hello Marinade Community,
I want to first say I am a big fan of Marinade and the team behind it. And I’d also like to recognize the community that has formed around Marinade. Had I known DAO governance was so active in this community I would have been participating much sooner.
To that end, I would like to begin to discuss the mission of Marinade as detailed in the 2022 mid-year update:
I think the accomplishments thus far are amazing. Few teams in the Solana ecosystem are executing so successfully.
I would like to discuss the objectives:
- Make Solana performant and decentralized (grow the security group by 15 to 40, grow our TVL by 23M SOL to 30M, contribute to 5% of block production) .
- Spread control over Marinade to the Solana ecosystem (18% tokens in circulation including 7% from unlocked team tokens, transfer all control over Marinade besides the program upgrade to MNDE token voting) .
I think these objectives are fine and I wouldn’t recommend changing course this late into the year. But I think as the DAO moves to take control, I would like to discuss what we as a DAO would like the objectives to be.
Personally I think MarinadeDAO’s goal should be to maximize for revenue on the short term in order to be able to fund expansion beyond the Solana ecosystem on the medium to long term.
I remain a Solana native as I do think it is the best blockchain in operation to this day and it’s the only one I use on a day to day basis. But that doesn’t change the fact that there is important activity happening on other blockchains. And that other important blockchains will come.
Decentralization is important beyond Solana and Marinade is one of the few projects that is poised to make a significant impact on decentralization at large, not just on Solana.
Practically I think this is also important from a defensive position. Make no mistake Lido is well funded and has made landfall on Solana. Marinade needs a strategy to be able to defend its position and to expand so that it can solidify its place in the decentralized stake market. IMO focusing on one blockchain indefinitely is not an option.
** To be clear this is not a proposal, this is a conversation starter.**
If you disagree please speak up! If you partially agree speak up. If you fully agree, let’s start fleshing out strategies, proposals and a plan to execute.
This would be a HUGE effort. If this becomes our mission we will need everyone in the Marinade community’s help. And we’ll need to go out and find more strong operators in the Solana ecosystem to help.
Thanks for reading,