Marinade Staked SOL explained $2,000/MONTH in PASSIVE INCOME (you can make it too) on Marinade Yield Farming

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whats up guys chris karma here back at you with another video tutorial hope youre doing well today guys today were going to be talking about the marinade protocol on the solana blockchain here so real quick guys if youre not already subscribed make sure youre subscribed to the defy yield app youtube channel here come and type in defy yield app in the search bar find the big blue d thats cut in half there um enjoying over 8.69 k subscribers to learn more about defy and yield farming and crypto so guys remember first thing we always want to do is come on over to the audit database but lets quick talk about what marinade is right here so marinade finance steak solana without locking your funds um weve talked about staking and farming on solana and a couple other different video tutorials here guys with orca protocol radium saber and lighto so marinade i would throw in that category here similar to lido that were creating liquid staking so what does liquid staking even mean when you stake your tokens and we earn interest on them we get a receipt token back and that receipt just basically says hey wed stake this many tokens but the problem with once youve staked them is you cant use them as collateral other places until now thats what we call liquid staking so when you steak with a marinade or a lido you receive a liquid staking token back in return that you can then use in uh across the ecosystem as well so lets jump in guys um this guys quote says anthony ceo solonda labs liquid staking solutions like marinade help increase decentralization while creating new opportunities for users through staking derivatives and thats kind of what were talking about staking derivatives using that stake token to create other other uh other financial opportunities as well so lets jump in guys first thing always come down to the audit database here slide on down its on the left-hand tab of uh right under the audits audit database and we want to type in the project name which is marinade here and looks like marinade has been audited here guys it was audited back in october um of 2021 so thats a good sign that a project has been audited um if you are a veteran here then youll know just because a project has been audited doesnt mean it cant be hacked so just because a project is audited its a good start but again that doesnt guarantee anything guys so just remember this is not financial advice and these protocols are new d5 is new crypto is new and there are hacks all the time like the 600 million dollars loss on the ronin network or 326 million that was lost on the solana wormhole event so guys we keep track of all these things weve got over um i forget where our number went here 2782 instances in our rec database here so we want to type in marinade our in-house solidity uh engineers uh our dev team here uh they spend a lot of time putting these things together to break it down to keep you more educated so we typed in marinade looks like were good on that front which is good but again its hard to know um when or if a protocol will get hacked so just be careful out there guys so enough doom and gloom lets rock now lets talk about making some money and lets take our soul tokens here so were gonna assume you have some solana some soul tokens in your wallet uh were using the phantom wallet this little purple guy with a ghost on it to do our farming here today so um heres some uh one thing to note you could look at the m soul and the sole price so we deposit soul into uh the marinade protocol and we get that m soul token back so the reason why uh m soul is higher than solana is because the staking rewards are built into that token which means we dont have to go in and withdraw them and reinvest them like we have to do with some of the other protocols which is good and bad because this is now a liquid market so we have exposure to this price here and in theory this should be built into the amount of staking rewards that have been in seoul uh but again uh to market so it can be traded it can go up it can go down so lets come on down to the stake here guys uh and were gonna uh well stick point one soul into uh the protocol here so were gonna hit stake soul and uh just an fyi guys and then were going to hit approve here id had some issues on the solana blockchain uh where a lot of the transactions were failing so you just have to check it and make sure it worked and looks like liquid staking confirm okay so thats great but just keep an eye out if it fails just come in here look right here on the wallet and slide down to this little lightning tab here and check you can see where i had a failed transaction earlier so just make sure that it worked right in there so now we can use this use m soul in d5 which takes us just to the stify tab here we were on the stake one and now were sliding over to d5 and now we can lock this into this pairing uh this m soul staking uh and actually get the m n d e rewards which is the marinade protocol token so marinade is protocol that poses a governance token possesses a governance token named mdmnde kind of a mouthful and is part of our liquid mining program mnde allocated m soul holders staking their m soul single-sided staking vault so thats good guys because single-sided means that we dont have any impermanent loss on this vault remember when we yield farm with stable coins and another coin or another two coins if the price of one coin goes up faster than the parts of the other one which is almost uh impossible for them to stay exactly oftentimes they move in the same direction which is better but this one it doesnt move at all because we only have one asset here so were not going to suffer from any impermanent loss here which is uh can be a positive here so were gonna click on manage deposit and it shows right here our balance point zero uh zero point one m soul um if your transaction failed it also would not show up here so thats another way that you can check that and well go ahead and hit the max button there and deposit our m soul so a nice little crab here i like the crab kind of funny nice little art there and well hit approve here so transaction sent um and usually it goes pretty quickly goes through pretty quickly here on salona uh but like i said i think theyve been having a lot of network issues with some of the uh nft mints as of recently and started to congest the network a little bit leading to some failed transactions but hours went through deposit m soul confirmed youve successfully staked your m soul to enjoy additional marinade rewards here so were double dipping a little bit guys here were getting our six percent on the staking 6.02 apy and were getting an additional 3.22 percent which is nice here so ill show you where to find it in the defy yield app here come on over to dashboard and well talk about how much interest that we can earn on that money uh that we can earn on the projected money so smash the refresh button just to make sure that the app is reading your uh wallet and current up-to-date values are projected um sometimes a sec takes a second to read for our apis to kick in but its all good guys just hang in there for a second and slide on down to we see marinade here right here this little green one with the chef hat on it so uh our m sole weve got our point one balance here and looks like weve accrued point zero zero zero zero zero three four marinade so far which equals zero dollars so but in time that will accrue right into there um and we can always sell that into backbone sell that into seoul and then back into emsol if we want to keep the the flywheel in here guys so uh looks like weve got about 11 bucks deposited so lets come on over to a handy-dandy spreadsheet here weve got 11 and our interest rate was 3.22 plus 6.02 so any math whizzes out there gives us 0.09 uh 2 2 is that what we said 4 2 lets double check that guys 6.02 and three point two two three point nine point two four is what were looking for um nine point four two all right so our eleven bucks nine point four two percent interest rate here gives us a yearly of one dollar and three cents eight cents a month two cents a week or less than one cent per day so not great there guys but lets crank this up to 1100 here and see what eleven hundred dollars can get us um in our interest rate stays the same here but if we have eleven hundred dollars were going to make a hundred dollars a year eight dollars a month two dollars a week or three cents a day and now lets crank this up lets go to 21 uh thousand dollars and see how that plays out 21 000 gives us 1978 a year again guys this is just an interest too so were keeping our principal this is just in addition to our interest uh in addition to our principle this is the interest that were making so 164 a month 41 a week or almost six dollars a day and lets crank this up to 72 one two three thousand see how that looks seventy two thousand weve got sixty seven hundred and eighty dollars a year 565 a month which covers some peoples rent not bad guys moving on up there uh 141 a week or twenty dollars a day pretty good and now lets say you got your whale and you got a little fat stack of soul there so hundred seventy two thousand dollars nine point four percent interest gives us a hundred uh gives us sixteen thousand two hundred two bucks a year thirteen hundred fifty a month three hundred thirty seven a week or forty eight dollars a day guys um and then you know seoul is one uh solana is one of the younger blockchains um so theres also some room for some price movement and were pretty far off the all-time highs i dont know exactly how far off we are at this point in time but you know you we can only speculate and say uh that well take uh this value right here and give it like i like to give it a 1.5 multiplier here just to see what would happen just to play these numbers out so if you give it a 1.5 multiplier that gives us 24k a year 2k a month 500 a week and 72 dollars a day or guys also take a bare case here um and multiply it by only 0.5 so cut our value in half well leave you with 8k 675 168 and 24 respectively so just some things to play in mind there guys make your own spreadsheet map it out kind of think about how uh you want to play this one so just some options for you there guys but this was a walkthrough of the marinade protocol uh liquid staking on the solana network and gives you some extra tokens if you then stake your m soul again so thanks for joining us guys again if youre not already make sure youre subscribed to the d5 yield app youtube channel where we post awesome yield farming tutorials uh d5 for dummy guides and an awesome new podcast that weve just released uh well have more details on that as well if youre on twitter check us out on twitter 56k other people are following us on twitter you definitely dont want to miss out especially when we tweet out our stable coin pools check that out house four thousand percent apr uh for you uh actually these dont seem to be stable coins but we treat stable coins as well here you can check out our uh subscribe to our daily stable coin apy here uh on telegram as well um so check us out on telegram tdot me backslash defy yield underscore app or this is the link to the stablecoin apy and if youre an email guy or gal or alien go ahead and enter in your email to stay up to date on our most recent email update so thanks for joining us guys chris comey from the defy yield app youtube channel have a great day talk to you soon bye you The Ultimate Yield Farming Guide For Solana Network Infographics – Ready to get the latest Hot DeFi Updates, News and best strategies? Click Here! – 00:00 – Introduction: Yield Farming on Marinade (Solana) 00:40 – What Marinade is? 02:05 – Checking Marinade is DeFiYield Audit Database 02:35 – Checking Marinade in DeFiYield REKT Database 03:25 – Marinade Platform Overview 04:30 – MSOL/SOL Liquidity Providing 07:20 – How DeFiYield Dashboard can help you Yield Farming 08:25 – Calculating Profits 11:30 – DeFiYield Social Medias that you should follow! Stick with us for further updates: DEFIYIELD – Our Twitter – Our Telegram – Our Blog – Amazon Bestseller The Wall Street Era is Over by DEFIYIELD: #Marinade #Solana #YieldFarming #Aave #Eth #DecentralizedFinance #DeFI #YF #Ethereum #Eth #Bitcoin #Btc #Ultimate #Guide Play safe. Never invest more than you can afford to lose.️ #YieldFarming,#Marinade,#Solana,

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