--- type: decision entity_type: decision_market name: "Marinade: Should A Percentage of SAM Bids Route To MNDE Stakers?" domain: internet-finance status: passed parent_entity: "[[marinade]]" platform: "futardio" proposer: "Marinade community" proposal_url: "https://v1.metadao.fi/marinade/trade/DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTzF" proposal_date: 2025-02-04 resolution_date: 2025-02-07 category: "mechanism" summary: "Adopt performance fee routing from SAM bids to MNDE-Enhanced Stakers per MIP.5 — Marinade's first use of futarchy" tracked_by: rio created: 2026-03-24 --- # Marinade: Should A Percentage of SAM Bids Route To MNDE Stakers? ## Summary Marinade used MetaDAO's futarchy mechanism to decide whether to implement MIP.5 — routing a percentage of SAM (Stake Auction Marketplace) bids to MNDE-Enhanced Stakers who actively stake to validators with winning bids. This creates a direct revenue share between Marinade's staking marketplace and MNDE governance token holders. ## Market Data - **Outcome:** Passed - **Proposal Account:** DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTzF - **Duration:** 2025-02-04 to ~2025-02-07 - **Reference:** MIP.5 on Marinade governance forum ## Significance Marinade is one of Solana's largest liquid staking protocols. Using futarchy for a revenue-sharing mechanism decision demonstrates FaaS adoption for consequential economic design choices, not just operational governance. The proposal creates a direct link between staking behavior and governance token value — exactly the kind of incentive alignment futarchy is designed to optimize. ## Relationship to KB - [[marinade]] — parent entity (new entity needed) - [[futardio]] — governance platform ## Full Proposal Text *Source: futard.io, tabled 2025-02-04* If approved, this proposal would sanction the development and implementation of performance fee routing to MNDE-Enhanced Stakers according to the specifications laid out in MIP.5. Reference: https://forum.marinade.finance/t/mip-5-sam-bid-routing-to-mnde-stakers/1700