If you're staking on Solana, you've probably heard of Marinade Finance. They're the go-to platform for liquid staking, letting you stake your SOL while keeping it liquid through mSOL tokens. But lately, they've been making waves with their MNDE token buyback program, and a recent tweet from their official account just highlighted a major milestone.

In the tweet, Marinade announced that over 1,000,000 MNDE tokens have been bought back through their DAO-approved program. That's a big deal because it shows the protocol's revenue is flowing right back into supporting the token's value. For those new to this, MNDE is Marinade's governance token, used for voting on proposals and earning rewards for participation.

The accompanying chart paints a clear picture: a steady climb in buybacks over the past month, with the cumulative total hitting that impressive seven-figure mark. The bars represent daily buybacks, while the red line tracks the running total, peaking at around 1,096,644 MNDE.

What's Behind the Buyback Program?

Back in August 2025, Marinade proposed allocating 50% of their protocol performance fees to monthly MNDE buybacks, as detailed in their blog post. This move, managed by the DAO (Decentralized Autonomous Organization), aims to create better alignment between the protocol's success and token holders. Essentially, as more people stake with Marinade, the fees generated help buy back MNDE from the market, potentially reducing supply and supporting the price.

This isn't just talk—it's action. Earlier in September, they kicked things off strong by burning 300 million MNDE tokens, which was about 30% of the total supply at the time. Burning tokens means they're permanently removed from circulation, a common strategy to increase scarcity and value. The community voted overwhelmingly in favor, with the burn option getting 54.9% approval on their governance forum.

Why This Matters for Solana Users

For Solana enthusiasts, this buyback program is a smart way to enhance tokenomics. Liquid staking protocols like Marinade help secure the network by delegating stakes to top-performing validators, and now, with revenue looping back into MNDE, holders get an extra incentive. It's like the protocol is saying, "Thanks for participating—here's some value back."

The tweet sparked positive reactions from the community, with replies like "bullish for holders!" and chef emojis symbolizing "cooking" (crypto slang for building something great). It's clear the momentum is building, and with Solana's ecosystem growing, Marinade is positioning itself as a key player.

Looking Ahead

Marinade isn't stopping here. Their roadmap includes more features like Active Staking Rewards, where stakers can earn extra MNDE for active participation. If you're holding MNDE or staking SOL, keeping an eye on their official site and X account is a must. This buyback milestone could be just the start of more value accrual in the Solana meme and DeFi space.

Whether you're a seasoned blockchain practitioner or just dipping your toes into Solana, Marinade's approach offers a solid example of how DAOs can drive real alignment. Stay tuned for more updates— the crypto world moves fast!