# Marinade (MNDE) — machine-readable summary

> FORTUNA SIGNAL · FORA-01 evidence dossier · Researched 2026-09-15 · https://ron-delhaye-studios.github.io/fortuna-signal-live/tokens/mnde.html

## Definition
MNDE is the governance token of Marinade, a non-custodial Solana stake-automation and liquid-staking protocol (mSOL). Marinade delegates staked SOL across a curated set of validators to maximize rewards while supporting Solana decentralization. (No standalone whitepaper exists; the official docs are canonical.)

## What the holder owns (FORA-01 Q1)
MNDE is Marinade's governance token: holders lock MNDE to vote on the Marinade DAO (treasury, fees, validator delegation strategy) via the Realms platform; also used for directing stake under MNDE-enhanced staking. Minted Nov 7, 2021, fair launch, no ICO.

## Verification verdict
Class A (Class A) — FORA-01 scale: verification, not a quality ranking.
q1 VERIFIED · q2 VERIFIED · q3 VERIFIED · q4 VERIFIED · q5 VERIFIED

## Plain-language utility
Governance token for Marinade — holders vote on protocol decisions.

## Key risks & notes
Governance token with no direct fee claim; value hinges on DAO treasury management and protocol growth. Concentrated treasury holdings (~343M MNDE) and heavy competition from Jito and native staking are risks; smart-contract and validator slashing risks apply.

## Primary source
- https://docs.marinade.finance/the-mnde-token

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Machine summary generated at build time from the same fields as the human page. Free educational content — not investment advice.