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Marinade 🛡️
Marinade 🛡️ kirjasi uudelleen
You love to see a team deal with this kind of issue rather than turning a blind eye to it and brushing it under the carpet.
The Marinade team continue to impress me with their products but also how they conduct themselves.
My first choice $SOL staking platform for a number of reasons 👊
21,45K
Marinade 🛡️ kirjasi uudelleen
➥ Marinade Active Staking Rewards (ASR) and $MNDE Buybacks & Burn
Yesterday @MarinadeFinance's X Spaces unveils several initiatives to stregntgen alignment between protocol and $MNDE token.
Let's do some quick recap ↴
— Active Staking Rewards (ASR)
Under the proposed MIP-13, 25 million MNDE tokens will be distributed to active voters throughout 2025 that will be based on:
➢ Voting frequency
➢ Amount of MNDE staked
➢ Active participation in governance through @realmsdaos
...
— Protocol Buybacks
Starting in September, Marinade will implement a systematic buyback program where:
➢ 50% of all protocol fees ⟶ MNDE buyback
➢ All purchased token will be held in the DAO treasury
➢ The funds utilization will be will be governed through on-chain mechanisms
...
— Supply Burn Proposal
A community-driven proposal is being prepared to burn 10% of the total MNDE supply:
➢ 100,000,000 MNDE will be permanently removed from treasury
➢ This reduced max supply to 900,000,000
➢ This is one-time action to complement buyback program
...
— Wrap-Up (NFA+DYOR)
Marinade is the exclusive staking partner for @CanaryFunds' SOL staking ETF, with over 11.1 million $SOL staked and more than $10 million in ARR. This suggests that at least $5 million will be allocated annually for MNDE buybacks if revenue remains steady, with potential for more if it increases.
I believe the integration of ASR, protocol buybacks, and the supply burn proposal will enhance alignment with the protocol's growth, $MNDE tokenomics, and community participation.

6,27K
Marinade is taking action against malicious validators who are undermining Solana’s performance and the fairness of the Stake Auction Marketplace.
A new blacklist update will remove validators intentionally lagging block times for personal benefit, at the expense of the rest of the network.
1/5

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