Marinade Liquid Staking
Overview
TVL
$275.3M
Up 43% over 90 days
Live since
2021
TVL, last 90 days
Moderate
Full data
Security
AuditsAudited by Neodyme, Ackee and Kudelski Security, November 2021Audit page 1Audit page 2Audit page 3
Contract statusSource published, build not independently verified, upgradeableMarinade liquid staking program MarBms…q7aDSource code
Upgrades controlled byMultisigmagrsH…9Wed
Multisig6 of 13 signers must approveSafe magrsH…9Wed
TimelockNone — admin changes take effect immediately
Track record
Through market stressCame through all 5UST/Luna collapse (May 2022) — kept 56% of its depositsFTX collapse (Nov 2022) — kept 49% of its depositsUSDC depeg (Mar 2023) — kept 88% of its depositsAugust 2024 crash — kept 93% of its depositsOctober 2025 liquidation cascade — kept 48% of its deposits
Exploit historyNone recorded