Hey folks, if you're into Solana and DeFi, you've probably heard of Marinade Finance. They're the go-to platform for optimizing your Solana staking by automatically delegating to over 100 top-performing nodes. But recently, they've stirred up the pot—literally—with a fiery announcement that's got the community buzzing.

In a thread posted on X (formerly Twitter), Marinade Finance revealed plans to "cook" a whopping 300 million MNDE tokens. That's right, 300,000,000 $MNDE, which amounts to about 30% of the total supply, is set to be burned. For those new to crypto lingo, a token burn means permanently removing tokens from circulation by sending them to a burn address—a wallet no one can access. This reduces the overall supply, potentially increasing scarcity and value for the remaining tokens.

The announcement came with a humorous twist, playing on their "chef" and "cooking" theme: "🔥 Oh fork… 300,000,000 $MNDE is about to be cooked! That’s 30% of supply, TOAST." They explained that once the proposal passes, the system will automatically "yeet" (crypto slang for throwing away) these tokens into the burn address.

The proposal is live on Realms, a DAO governance platform on Solana. You can check it out and vote here. According to the thread, this move comes after community feedback—the kitchen listened, and now the chefs are cooking up a rarer sauce.

They also shared details on the implementation process:

It starts with an opinion vote offering options from no burn up to 50% of the supply. Based on the results, they'll create a burn instruction proposal, and if approved, the Marinade Foundation Council will execute the transaction and share the burn hash publicly.

The community response has been enthusiastic. Replies to the thread include excited comments like "BURN $MNDE BURN" and "Chef turned the oven all the way up. 👨‍🍳🔥🔥" from users hyped about the potential price boost. With over 110 likes and numerous reposts on the main post, it's clear this is heating things up in the Solana space.

Why does this matter for meme token enthusiasts? While MNDE is primarily a governance token for Marinade's stake automation, the playful branding with cooking puns gives it a meme-like vibe. Burns like this are common in meme coin strategies to pump value, and seeing it in a established DeFi project shows how these tactics are crossing over.

If you're holding MNDE or staking on Solana, keep an eye on this proposal. It could make your holdings a bit rarer—and potentially more valuable. For more updates on meme tokens and blockchain news, stick around at Meme Insider.

Check out the original thread on X for the full flavor.