$OOGA price action has been disappointing, that's indisputable. We are currently looking at restructuring the $OOGA token model to eliminate inefficiencies in how value is captured and distributed. At present, token staking is funded via buybacks using 30% of protocol revenue, with rewards distributed to stakers of $OOGA. This creates a reflexive loop where users stake to receive tokens that they must sell in order to realize yield, thereby perpetuating sell pressure and making it "net-net". To address this, we are looking at moving towards a simplified, more defensible model: direct buybacks and burns funded by protocol revenue. This model is cleaner, more sustainable, and avoids circular reward mechanisms that often become zero-sum in practice and -EV. It is not designed to create short-term speculative spikes but to steadily remove supply in proportion to protocol utility. $OOGA will remain on Berachain, and fees from alternate chain deployments would be bridged back and used to B&B on Berachain.
6.2K
80
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.