Marinade Finance
DAMASCUSLiquid Staking · Solana · $1.5B TVL · 5 contracts
Official site: marinade.finance ↗
806
3004756508251000
Confidence71%
Z-Factor0.83
Updated 2026-05-27Public scoreSecurity Profile
Access Control
80
80
Economic Soundness
80
80
Oracle Integrity
85
85
Compositional Risk
72
72
Governance
58
58
Maturity
82
82
Resilience
50
50
Supply Chain
78
78
Op Security
56
56
Cascade Exposure
95
95
Access Ctrl
80
80
Economic
80
80
Oracle
85
85
Compos.
72
72
Govern.
58
58
Maturity
82
82
Resilience
50
50
Supply Ch.
78
78
OpSec
56
56
Cascade
95
95
Min
50
Avg
74
Max
95
Audit History
Neodyme
2022-01
Ackee Blockchain
2023-06
Bug Bounty Program
$250,000
Max payout on Immunefi
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
MethodologyAccess Control
80Weight 18% · 75% confidence
+20Stake pool with well-defined authority structure
+20mSOL minting/burning through program authority
+20Native staking route available (decentralized path)
+20Validator scoring algorithm controls delegation
Provenance
Economic Soundness
80Weight 13% · 78% confidence
+20mSOL tracks SOL staking rewards (clean peg model)
+20Native staking option reduces intermediation risk
+20Fee model straightforward (commission on staking rewards)
+20No complex incentive mechanisms distorting economics
Provenance
Oracle Integrity
85Weight 13% · 80% confidence
+21mSOL rate derived from on-chain stake pool state
+21No external oracle dependency for core staking
+21Price observations available for DeFi composition
+21Clean oracle surface for liquid staking
Provenance
Battle-Tested Maturity
82Weight 12% · 80% confidence
+16Live since August 2021 (~57 months)
+16OG Solana liquid staking protocol
+16No protocol exploit to date
+16Multiple audits (Neodyme, Kudelski, Ackee)
Provenance
Governance & Upgradeability
58Weight 10% · 68% confidence
+14MNDE token governance with active DAO
+14Validator delegation algorithm governance is meaningful
+14Team retains operational control of core program
+14Governance more active than most Solana protocols
Provenance
Adversarial Resilienceredacted
50Weight 10% · 30% confidence
- No validated adversarial findings — score set to neutral baseline
Provenance
Operational Security
56Weight 10% · 60% confidence
-44No branch protection detected
+14Active CI/CD (100% success rate)
+14Minimal development activity (0 commits/month)
+14High CI success rate indicates disciplined deployments
Provenance
Compositional Risk
72Weight 5% · 72% confidence
+18mSOL widely composed in Solana DeFi
+18Single-chain limits cross-chain risk
+18Used as collateral in lending (Kamino, Marginfi, Solend)
+18Well-bounded integration surface
Provenance
Cascade Exposure
95Weight 5% · 50% confidence
+48No cross-protocol cascade exposure detected
+48Source: cross_protocol_composition.json dependency analysis
Provenance
Supply Chain
78Weight 4% · 75% confidence
+20Rust/Anchor framework
+20SPL stake pool library
+20Minimal external dependencies
+20Well-maintained codebase
Provenance
Top Score Drivers
Dimensions with the greatest marginal impact on BRI.
Adversarial Resilience
50+36.3 potential
Operational Security
56+30.2 potential
No branch protection detected
Governance & Upgradeability
58+28.3 potential
MNDE token governance with active DAO
Access Control
80+20.7 potential
Stake pool with well-defined authority structure
Economic Soundness
80+14.9 potential
mSOL tracks SOL staking rewards (clean peg model)
Adversarial Risk Signals
Publicly verifiable security posture indicators.
Disclosure HistoryNot Assessed
Remediation VelocityNot Assessed
Bug Bounty ProgramNot Assessed
Audit CoverageNot Assessed
Incident HistoryNot Assessed
methodology v2.1formula v1.1weights v1.1evidence sha256:sha256:8...
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
Read Score
registry.getScore("marinade")Reduce exploitable risk
Continuous adversarial analysis, vulnerability detection, and verified reassessment.
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