teleo/teleo-codex
8
0
Fork 0
Code Issues 22 Pull requests 1 Projects Releases Packages Wiki Activity Actions 1
teleo-codex/decisions/internet-finance/marinade-sam-bids-mnde-stakers.md
m3taversal fdebd95137 rio: batch 4 — 26 new decision records for 10 projects 
New decision records with full proposal text for projects that previously
had zero governance documentation in the KB.

Omnipair (4): OMFG-001 through OMFG-004
Ranger (3): ICO launch + $2M buyback + contested liquidation
Solomon (3): ICO launch ($102.9M committed) + DP-00001 + DP-00002
Loyal (3): ICO launch ($75.9M committed) + buyback + liquidity adjustment
ZKLSOL (4): ICO launch + team burn + buyback + restructuring
Umbra (3): ICO launch + security audits + mainnet expansion
Futardio cult (3): ICO launch + omnibus (90% token burn) + liquidity pool
Kyros (1): Burn 4.42M unclaimed airdrop
Jito DAO (1): JTO Vault / TipRouter NCN (JIP-10)
Marinade (1): SAM Bid Routing to MNDE Stakers (MIP.5)

Pentagon-Agent: Rio <5551F5AF-0C5C-429F-8915-1FE74A00E019>
2026-03-24 15:53:35 +00:00

2 KiB
Raw Blame History

type entity_type name domain status parent_entity platform proposer proposal_url proposal_date resolution_date category summary tracked_by created
decision decision_market Marinade: Should A Percentage of SAM Bids Route To MNDE Stakers? internet-finance passed marinade futardio Marinade community https://v1.metadao.fi/marinade/trade/DnDiyjAcmS3BNmNEJa2ydEbd6DgnddpkyVXJfngdRTzF 2025-02-04 2025-02-07 mechanism Adopt performance fee routing from SAM bids to MNDE-Enhanced Stakers per MIP.5 — Marinade's first use of futarchy rio 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