Marinade Finance, the popular Solana staking protocol, just dropped some exciting news that's got the community buzzing. Their DAO has greenlit MIP-13, which means they're starting buybacks of their native token, $MNDE, using real protocol revenue. If you're into Solana or DeFi, this is a big deal—it's all about making the token stronger through scarcity and smart economics.

Let's break it down. The announcement came via a thread on X from the Marinade team, highlighting how they're putting 50% of their performance fees toward monthly buys of $MNDE on open markets. All those tokens go straight into the DAO treasury, where the community calls the shots through governance. No shady stuff here—it's transparent and owned by the holders.

Why does this matter? For starters, there's no new token minting involved, so no dilution for existing holders. It's pure revenue-backed accumulation, which beefs up the treasury for things like grants, contributor rewards, and incentives. Think of it as the protocol feeding back into itself, creating a virtuous cycle.

Zooming out, this fits into a bigger picture for $MNDE. There's a live vote on burning 30% of the supply, plus an ongoing migration campaign. Combine that with these buybacks, and you've got a recipe for increased scarcity and utility. As the team puts it, "Scarcity + utility = stronger $MNDE, stronger DAO."

Austin Barack, founder of Relayer Capital and a big name in crypto investing, chimed in with a killer insight. Quoting the thread, he pointed out: "At this pace 8% of $MNDE circulating supply will be market bought using protocol revenue in just year 1." That's huge! It shows how aggressive and effective this strategy could be right out of the gate. If you're holding $MNDE or staking on Solana, this could mean real upward pressure on the token's value.

For those new to Marinade, it's a stake automation platform on Solana that delegates your SOL to over 100 top-performing nodes, optimizing your returns without the hassle. The $MNDE token powers governance and incentives in this ecosystem. Moves like MIP-13 are straight out of the DeFi playbook, but with a meme-worthy twist—the team loves their chef emojis, constantly "cooking" up value for the community.

This isn't just another announcement; it's a signal that mature DeFi projects on Solana are evolving their tokenomics to reward holders directly. If you're building or investing in blockchain, keep an eye on how revenue-sharing models like this play out. It could set a precedent for other DAOs and meme tokens looking to add real utility beyond the hype.

Want to dive deeper? Check out the original thread on X or explore Marinade's site at marinade.finance. As always, DYOR and stay tuned for more updates on meme tokens and Solana innovations here at Meme Insider.