Marinade Finance, a top liquid staking protocol on Solana, has made a big move toward increasing the value of its native token MNDE. The company, which is organized as a decentralized autonomous organization (DAO), recently approved a governance proposal — MIP.11 — that directs a sizable chunk of revenue flowing into its treasury to go toward buying back tokens. Menelau stated that the use of treasury funds to buy back MNDE would help reduce its circulating supply. What distinguishes this decision is the method by which it was made—not through a conventional DAO vote, but using a futarchy market run
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