Governance token concentration (Gini)

Marinade Finance's assessment for RD-F-047 — scored yellow on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

95M MNDE locked in governance across 170+ wallets out of ~550M circulating. 20M quorum = ~3.6% threshold. Exact Gini coefficient not computed (no on-chain holder scan available via WebFetch). The 170+ locked wallets and 3.6% quorum threshold suggest reasonable distribution, but top-10 share is unknown without on-chain data.

Sources #

Governance
Marinade governance update Oct-2023Marinade blog Oct-2023 — 95M MNDE locked, 170+ wallets, 20M quorumretrieved 2026-05-16

Methodology #

Compute the Gini coefficient of governance token holdings across the top-1000 holder addresses.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol marinade factor RD-F-047 score yellow collected_at 2026-05-16 08:48:35