Half of Protocol Fees Will Be Used for MNDE Buybacks — Here’s What You Need to Know

Following the approval of MIP‑11, and with final refinements coming in MIP‑13, Marinade DAO is preparing to launch a new treasury program that uses protocol fees to acquire MNDE on the open market.

This initiative introduces a structured, transparent process for allocating a portion of performance fees toward MNDE purchases — to be retained in the DAO treasury and governed by future community decisions.

What’s Being Proposed

The buyback mechanism, first introduced in MIP‑11, will be finalized and activated through MIP‑13. The current plan includes:

• Allocating 50% of protocol performance fees to monthly MNDE purchases
• Executing purchases on public markets (e.g. Jupiter or Orca), fully transparent
• Holding all acquired MNDE in the DAO treasury under governance control
• Starting buybacks as early as September 2025, pending final vote

These monthly purchases will be conducted using DAO tooling and tracked in public reports, with no automation or burn mechanism — only acquisition and treasury custody.

Why Buybacks?

The buyback structure provides the DAO with a flexible method of managing part of its treasury in MNDE. It introduces a consistent treasury policy using real protocol revenue — without relying on token issuance or dilution.

Rather than prescribing any specific outcome, the buyback mechanism gives the DAO the option to use MNDE for grants, contributor incentives, governance incentives, or other use cases as determined by future proposals.

It is not designed to affect MNDE price, nor is it positioned as an investor benefit. It is a treasury policy — giving the DAO a rules-based, transparent way to accumulate MNDE over time using protocol earnings.

Implementation Outlook

• MIP‑11 passed in June 2025, enabling MNDE buybacks
• MIP‑13 will finalize the structure, including the 50% allocation
• The proposal will be published on Realms soon for community vote
• Execution would begin in September, if approved

All operational details — including swap routing, cadence, and custody — are subject to DAO governance and will be documented in transparency updates once the program begins.

Stay Updated

The proposal to finalize MNDE buybacks will go live on Realms soon as part of MIP‑13.

If approved, the program would allocate 50% of protocol fees to monthly MNDE purchases — retained in the DAO treasury and governed by future proposals.

When MIP‑13 goes live, don’t forget to cast your vote: doing so will also make you eligible for the proposed Active Staking Rewards (ASR) program, which allocates 25 million MNDE to governance participants throughout 2025.

Follow @MarinadeFinance on X to get notified when voting opens.

In the meantime, you can read the full proposal and join the discussion in the Marinade Forum.

DAO governance is open to all MNDE holders. If you want to help shape Marinade’s treasury strategy — and participate in upcoming governance — now’s the time to get involved.