CRYPTO 101 Ep. 680 The Future of Staking: Marinade Finance CCO on Solana, ETFs & MNDE Token
Oct 2, 2025
Hadley Stern, Chief Commercial Officer of Marinade Finance and a former leader at Fidelity Digital Assets, delves into the future of decentralized staking on Solana. He shares insights on Marinade's staking products and their innovative MNDE token, which has unique origins and revenue strategies. The discussion covers the evolution of Solana staking compared to Ethereum, regulatory impacts on ETFs, and sustainable yield dynamics. Hadley also explains the benefits of native versus liquid staking, highlighting institutional adoption's potential to transform the landscape.
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Marinade Is A Validator Marketplace
- Marinade Finance is a Solana staking specialist that acts as a validator marketplace rather than running validators itself.
- The platform supports both a liquid staking token (MSOL) and native staking to decentralize stake across validators.
Use Providers To Simplify Staking
- Use a staking provider like Marinade to avoid the technical complexity of command-line staking and validator management.
- Institutions can stake through custodians like Zodia, Copper, or BitGo for operational and compliance ease.
SOL Is The Native Stake Asset
- Only SOL can be staked on the Solana protocol, though some SPL tokens have their own staking mechanisms.
- Marinade is building "recipes" to let stakers receive alternative rewards like BTC or USDC while staking SOL.