Meme Insider
Hey there, crypto enthusiasts! If you're staking on Solana or just love projects with a fun, meme-like twist, Marinade Finance is serving up something exciting. Known for their liquid staking protocol – where you stake SOL and get mSOL to use in DeFi while still earning rewards – they've got a chef-themed vibe that's all about "marinating" your assets. And their latest thread? It's got this hilarious short video of wise old chefs in a fancy dining hall, poring over papers and casting votes, with "Vote" notes fluttering around and the call "Marinade Go vote now!" It's a perfect meme-style nudge to get the community involved.
The big news is three fresh proposals live on Realms DAO, the governance hub for Solana projects. These aren't just any votes – they're packed with perks like 25 million MNDE rewards for active participants, a massive community-led token burn, buybacks using protocol fees, and more control shifting to the DAO treasury. If you're holding MNDE (Marinade's governance token), this is your chance to influence the project's direction and snag some rewards. Let's break it down simply, so even if you're new to DeFi, you can follow along.
What's at Stake? The Three Proposals Explained
Marinade Finance is all about optimizing Solana staking by automatically delegating to top-performing validators. But governance is key, and these proposals aim to make the ecosystem more sustainable and rewarding for holders.
MIP-13: Active Staking Rewards + Buybacks
This one's a game-changer for engagement. It introduces a 25 million MNDE rewards pool to be distributed throughout 2025 specifically to those who actively participate in governance votes. Think of it as getting paid to have a say – a smart way to boost community involvement.
It also retires the old 10% staking boost program, which was a previous incentive for stakers. In its place? 50% of the protocol's performance fees will go toward buybacks of MNDE tokens. Buybacks mean the project uses fees to purchase MNDE from the market, potentially reducing supply and supporting the token's value. It's like the protocol investing back into itself.
MIP-14: Community MNDE Burn
Burns are a hot topic in crypto, especially for meme tokens, as they permanently remove tokens from circulation, which can help with scarcity and price stability. This proposal suggests burning 100 million MNDE straight from the treasury. It's community-led, meaning voters decide if this happens, giving power to the people and potentially making MNDE more deflationary.
MIP-15: Fees & Treasury
Sustainability is the name of the game here. The proposal directs all protocol fees directly into the DAO treasury, empowering the community with more funds for future initiatives. Plus, there's a 100 million MNDE grant allocated to Marinade Labs for operations and growth – ensuring the team has resources to keep building without diluting governance.
These changes strengthen the DAO's control and align incentives between the team, stakers, and token holders.
Why Vote? Rewards, Influence, and the Meme Fun
Participating isn't just civic duty in the blockchain world; it's profitable. If MIP-13 passes, you'll unlock your share of those 25M MNDE rewards just by voting consistently in 2025. Plus, decisions on burns and buybacks could directly impact MNDE's tokenomics – that's the economic model behind the token, like supply, demand, and utility.
The thread emphasizes that "your vote matters," and with the chef meme video, it's clear Marinade is making governance fun and accessible. Solana's fast, low-cost network makes voting a breeze via Realms.
Ready to join the feast? Head over to these links to cast your vote:
Whether you're a seasoned staker or dipping your toes into Solana DeFi, these proposals highlight how DAOs are evolving with meme culture to keep things engaging. Stay tuned to Meme Insider for more updates on tokens like MNDE that blend utility with fun. What's your take – bullish on the burns? Drop a comment below!
