According to BlockBeats, Solana's liquidity staking protocol, Marinade, has approved a proposal to provide a budget of 26 million MNDE tokens to three market makers. This move is aimed at increasing the liquidity of MNDE on the Centralized Exchange (CEX).
The decision to allocate such a significant number of MNDE tokens to market makers is a strategic move by Marinade. It is expected to enhance the liquidity of MNDE on the CEX, thereby facilitating smoother transactions and potentially boosting the overall market performance of the token.
This development is a part of Marinade's ongoing efforts to improve its protocol and increase the efficiency of transactions on the platform. By ensuring a higher liquidity of MNDE on the CEX, Marinade is positioning itself to better serve its users and contribute to the broader Solana ecosystem.