Marinade Finance Repurchases 2 Million MNDE Tokens Using Protocol Revenue

The Solana-based staking protocol utilized revenue to buy back millions of its native MNDE tokens.

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Terms & Concepts
  • Token Buyback: A process where a protocol or company purchases its own tokens from the market, often to reduce supply or increase token value.
  • MNDE: The native governance and utility token of Marinade Finance, a protocol built on the Solana blockchain.
  • Protocol Revenue: Income generated by a blockchain protocol through its operations, such as transaction fees or staking services.