Haedal's announcement to start buybacks
- 50% of fee revenue will be used for buybacks (staking fees + HMM fees + haeVault earnings)
- Weekly dividends distributed to veHAEDAL stakers
The first phase of the buyback, totaling 722,694.03 $Haedal, has been completed.
As I mentioned before, I don't believe that buybacks and burns in the crypto space inherently lead to direct price increases (even in traditional financial markets, this logic is gradually fading).
However, the purpose of this mechanism is to retain Sui's major stakers, ensuring that the metrics don't decline. As long as they remain stable, there will always be opportunities when the rotation reaches the Sui sector.
📢 HUGE ANNOUNCEMENT: HAEDAL’s Buy Back Program is NOW LIVE! 🥳
We’re doubling down on YOU, our community! Introducing a #BUYBACK program that turns #Haedal's protocol yields into rewards for loyal veHAEDAL users.
No gimmicks—just real value. This is how we reward long-term believers. Let’s dive in! 🧵👇
16.39K
12
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.