Marinade’s native token, MNDE (MNDE), surged nearly 30%, hitting $0.17 briefly, following a series of significant updates aimed at boosting community engagement and token utility within its decentralized autonomous organization (DAO). These upgrades come as Solana’s DeFi activity witnesses a resurgence, propelling the protocol’s total value locked (TVL) to near record levels. ⏳ The voting process for the proposed MIP.11 is nearing its end with only four hours left to participate. This proposal aims to redirect 40% of protocol fees towards MNDE purchases on the open market each month, potentially leading to substantial buy pressure on the token’s price. Read more: 🚨BREAKING: Solana’s DeFi TVL surges 50% in past 30 days, reaching almost $9.3 billion. This recovery brings TVL close to January’s all-time highs, after experiencing up to 60% drawdowns. @KaminoFinance, @sanctumso, and @MarinadeFinance are now each nearing their previous all-time highs. 📊 The latest updates include instant SOL withdrawal capabilities and a new creator rewards program designed to foster contributions from content creators and community builders. These initiatives follow the implementation of MNDE-Enhanced Staking in late April, which allocates 10% of SAM’s performance fees to active MNDE holders. This further incentivizes participation in the protocol’s governance decisions. Learn more: https://twitter.com/MarinadeFinance/status/1657895645403119296