# [Grant proposal] Bribe Market Design Consultation by the Meta-DAO ## TL;DR - 40% of Marinade's stake is currently directed by MNDE and mSOL holders. An opaque bribe market has already developed around this, but there's an opportunity to create a central market where mSOL and MNDE holders can easily earn yield. - Originally, the Meta-DAO was going to build one, but now we are excited to help Marinade think through internalizing it to their platform. - Outputs of this engagement would be: - A report with our research and analysis on (1) the system broadly and (2) the specific areas of engagement below. - An update to Marinade's docs to describe this new system (either directly or something that someone from the Marinade team could copy & paste into GitBook). - [anything else?] - We are requesting 20,000 MNDE. ## Areas of engagement We will help Marinade think through and answer the following questions: - **How can we incentivize adoption of this system?** Should there be any MNDE rewards for lowering comission or delegating to this new strategy, and if so how much? Such an analysis should be done based on empirical data on liquidity mining programs. - **How should we distribute the extra revenue generated by validator bribes?** What % should go to Marinade DAO versus MNDE and mSOL directed stakers? - **How can we help validators estimate their ROI from lowering their comissions and setting the right comission rate?** We need to account for the fact that some MNDE/mSOL holders will still direct stake to individual validators. - **How can we best explain to validators and users how they stand to benefit by either lowering their comission or directing their stake to the algorithmic strategy?** - Is native token incentivization (e.g., Bonk validator giving $BONK) feasible? ## Grant We are requesting 20,000 MNDE to complete this grant. This MNDE would be paid to the Meta-DAO's treasury and would be used to compensate @durdenwannabe and @metaproph3t for their time.