Marinade Finance
DAMASCUSLiquid Staking · Solana · $1.5B TVL · 5 contracts
Public risk assessment — scores are produced with the same methodology as monitored protocols
Security Profile
80
80
85
72
58
82
50
78
78
95
80
80
85
72
58
82
50
78
78
95
Audit History
Bug Bounty Program
Assessment
OG Solana liquid staking with excellent maturity. Clean 4+ year track record. High Z-factor (0.931). Governance more active than peers. Solana ecosystem constraints keep score below Ethereum equivalents like Lido.
Dimension Breakdown
How scores work →- Stake pool with well-defined authority structure
- mSOL minting/burning through program authority
- Native staking route available (decentralized path)
- Validator scoring algorithm controls delegation
- mSOL tracks SOL staking rewards (clean peg model)
- Native staking option reduces intermediation risk
- Fee model straightforward (commission on staking rewards)
- No complex incentive mechanisms distorting economics
- mSOL rate derived from on-chain stake pool state
- No external oracle dependency for core staking
- Price observations available for DeFi composition
- Clean oracle surface for liquid staking
- Live since August 2021 (~57 months)
- OG Solana liquid staking protocol
- No protocol exploit to date
- Multiple audits (Neodyme, Kudelski, Ackee)
- Z-factor: 0.931
- MNDE token governance with active DAO
- Validator delegation algorithm governance is meaningful
- Team retains operational control of core program
- Governance more active than most Solana protocols
- No validated adversarial findings — score set to neutral baseline
- Experienced team with years of Solana operations
- Validator monitoring and scoring infrastructure
- Native staking route reduces operational surface
- Proven incident-free operational history
- mSOL widely composed in Solana DeFi
- Single-chain limits cross-chain risk
- Used as collateral in lending (Kamino, Marginfi, Solend)
- Well-bounded integration surface
- No cross-protocol cascade exposure detected
- Score: 95/100 (higher = more isolated from systemic risk)
- Source: cross_protocol_composition.json dependency analysis
- Rust/Anchor framework
- SPL stake pool library
- Minimal external dependencies
- Well-maintained codebase
Risk Drivers
Primary risk factors driving this score, ordered by severity.
Adversarial Risk Signals
Observable security posture indicators. These signals reflect publicly verifiable information and responsible disclosure outcomes. No specific vulnerability details are exposed.
Score History & Verification
Score provenance tracking begins with the next reassessment.
On-Chain Data
- Protocol Slug
- "marinade"
- Oracle
- BRORegistry (Base)
- Evidence
- IPFS (pinned)
- Staleness Threshold
- 24 hours
registry.getScore("marinade")Reduce exploitable risk
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