MNDE (Marinade) — Asset Profile and Catalyst Review

As of 2026-10-31. MNDE is a crypto token, not a security: there are no company filings, earnings, or share fundamentals, and MNDE-USD simply means MNDE quoted in USD.

What MNDE is

MNDE is the governance and incentive token of Marinade Finance, a non-custodial staking protocol built on Solana [DOC-3], [DOC-5]. Marinade lets SOL holders stake natively (retaining custody, no smart-contract risk) or via mSOL, a liquid staking token redeployable across Solana DeFi [5], [11]. MNDE is explicitly a governance token — it is not a staking derivative like mSOL — and governs the DAO that sets treasury policy, validator-delegation rules, and long-term strategy [DOC-3]. It launched via a fair-launch in late 2021 with a 1-billion-token max supply; circulating supply sits at roughly 546.4M MNDE after DAO-approved burns [DOC-2], [DOC-3], [3].