My friends who know me are aware that I prefer projects with real fundamentals and income for long-term development.
Resolv is one of them, having just launched a buyback plan that uses protocol income for repurchases. The first purchase was 1M $RESOLV at a price of $0.16, with subsequent purchases executed weekly.
The protocol income includes 10% of the staking pool earnings, collaboration rewards, etc., and is expected to reach $7.3 million annually.
When comparing the MC / TVL Ratio with ENA, Resolv's MC is also in the lower range: ENA 0.33–0.5, Resolv 0.09.
These signals indicate that Resolv's current MC of 45 million may have considerable room for growth.
This might also be the main reason why Resolv is using a proportion of protocol income (75% in the first week, with dynamic adjustments each week) for buybacks: solid fundamentals (500 million TVL, RLP 7D APR 13.2%), good income, undervalued market cap, and taking advantage of the bull market to initiate upward momentum.
Projects like Hyperliquid, Raydium, and Ethena, which have strong fundamentals and income, have all initiated buybacks this year and achieved good momentum. Let's see how Resolv performs.
The buyback progress is updated on the Dune dashboard, and interested friends can find the address in the original tweet.
Resolv Foundation has launched a buyback program, with the first allocation set at 75% of core protocol fees.
Each week, a portion of fees will be allocated to open-market purchases of $RESOLV, with tokens moved to Foundation reserves and taken out of circulation.
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