Hi everyone, btuck here on the core Marinade team. I’d like to run an idea by the DAO to get their feedback (no formal proposal at this time. Just a brainstorm):
Marinade is very much a community project on Solana, bootstrapped from the beginning. Recently, our operations are back in the green again (see treasury report from December), and community activity is also picking up again after a pretty quiet 2023.
Something that has always bothered me is that Marinade is a community project but its wallets do not reflect this. Assets are almost entirely mSOL-MNDE and USDC. The Token Exchange Program was launched in 2022 right around the time of the Luna collapse and besides investment in USDC from some validators/projects only Solend participated (SLND token).
Typically the way partnerships go these days is partners ask for MNDE to fund cross promotions or liquidity mining, or they get MNDE via Open Doors or Marinade Earn.
I think we could go a step further by using a minor portion of the marketing budget to acquire ecosystem assets from good partners and projects and even use them in promotions, show them off in our wallet and even share any airdrops or staking rewards with the community.
Famous Foxes stake treasury with Marinade, Marinade buys a FFF, stakes it, raffles off FOXY in community for their raffles.
NFT marketplace adds Marinade staking, Marinade buys their NFT or token.
X project launches a validator, Marinade acquires their tokens or NFTs out of support.
CyberFrogz use mSOL for their trading portfolio, Marinade gets a Cyberfrog and promotes it as a use case for LSTs.
Projects that stake and promote Marinade Native, Marinade gets their NFTs.
Or GECKO tokens, SMBs, or SAMO/BONK, Mad Lads, Cogent Cogs, Flare, Lotus, Divine Dogs, etc. you name it.
It’d be especially great to support projects with validators, or projects who stake with Marinade.
Additionally, given all the airdrops we could take some of this yield-farming or airdrops and raffle them to MNDE holders as well.
We can expect some of these assets to decline in price. But some of these assets are yield-bearing in some way, and Marinade could even take these airdrops or points (Bananas, BERN, Foxy, etc.) and raffle them to the Marinade community.
We’d also want to apply safety considerations to these assets and make sure minting or staking them or using them in DeFi would not subject other Marinade assets to any additional risk.
The idea is to not only support Solana community projects but also strengthen our community and social presence, while also supporting our partnership efforts.
Appreciate your feedback as we flesh out this campaign. Thanks!