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Marinade Finance Opens Voting on MNDE Tokenomics Overhaul

The Solana-based protocol is considering proposals for 25M MNDE voter rewards, fee buybacks, a community-led burn, and routing protocol fees into the DAO treasury.

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Summary

Marinade Finance has launched voting on three proposals that could significantly reshape MNDE tokenomics. The plans include distributing 25 million MNDE in rewards to voters during 2025, allocating 50% of performance fees toward buybacks, initiating a community-led burn, and redirecting protocol fees into the DAO treasury. These changes aim to strengthen governance and align incentives for MNDE holders.

Terms & Concepts
  • Tokenomics: The economic model governing a cryptocurrency’s supply, distribution, incentives, and value mechanisms.
  • DAO Treasury: A pool of funds controlled by a decentralized autonomous organization, used for governance decisions and ecosystem development.
  • Buyback: A mechanism where tokens are repurchased from the market, often to reduce supply and potentially support token value.