Haedal announced the start of buybacks
- 50% of the fee income is used for repurchase (staking fee + HMM fee + haeVault income)
- Weekly dividends to veHAEDAL stakers
The first installment of 722,694.03 $Haedal buyback has been completed
As I said before, I don't think the repurchase and destruction itself will have a direct upward effect in the currency circle (even the logic of the traditional financial market will slowly fade)
But the purpose of this thing itself is to keep Sui's big stakers, so that the data will not be lost. As long as you don't drop, there will always be a chance when you turn to the Sui plate
📢 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! 🧵👇
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