PANews reported on October 7th that the lending protocol Fluid announced the creation of an on-chain reserve of FLUID tokens to guide its buyback and growth strategy. The team is developing a dedicated buyback and tracking system to determine the optimal percentage of protocol revenue allocated to buybacks. During this period, the DAO will adopt a transitional approach, allocating 100% of Ethereum mainnet revenue to buybacks in the first month (approximately $1.7 million at current levels). Buybacks officially began in the first week of October.PANews reported on October 7th that the lending protocol Fluid announced the creation of an on-chain reserve of FLUID tokens to guide its buyback and growth strategy. The team is developing a dedicated buyback and tracking system to determine the optimal percentage of protocol revenue allocated to buybacks. During this period, the DAO will adopt a transitional approach, allocating 100% of Ethereum mainnet revenue to buybacks in the first month (approximately $1.7 million at current levels). Buybacks officially began in the first week of October.
Fluid starts a buyback to create an on-chain reserve of FLUID tokens. 100% of the Ethereum mainnet revenue in the first month will be used for buybacks.
PANews reported on October 7th that the lending protocol Fluid announced the creation of an on-chain reserve of FLUID tokens to guide its buyback and growth strategy. The team is developing a dedicated buyback and tracking system to determine the optimal percentage of protocol revenue allocated to buybacks. During this period, the DAO will adopt a transitional approach, allocating 100% of Ethereum mainnet revenue to buybacks in the first month (approximately $1.7 million at current levels). Buybacks officially began in the first week of October.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
Share
Coinstats2025/09/18 03:30
Messari and Warden Protocol have partnered to launch an AI research assistant to aid in real-time crypto market analysis.
PANews reported on February 10th that crypto data platform Messari has partnered with Warden Protocol to launch the Messari Deep Research Agent. This AI assistant
Share
PANews2026/02/10 23:56
index falls 3.4% as all constituents trade lower
The post index falls 3.4% as all constituents trade lower appeared on BitcoinEthereumNews.com. CoinDesk Indices presents its daily market update, highlighting the
Share
BitcoinEthereumNews2026/02/11 00:19