Fluid initiates buybacks to create FLUID token on-chain reserves, with 100% of Ethereum Mainnet revenue in the first month used for buybacks.

GateNews

ethereum news

Source: Foresight News

2025-10-07 04:44:15

FLUID0,44%

ETH-0,24%

Foresight News reports that the lending protocol Fluid has announced the creation of an FLUID token on-chain reserve, guided by a buyback and growth strategy. The team is developing a dedicated buyback and tracking system to determine the optimal proportion of the protocol's revenue to be used for buybacks. During this period, the DAO will take a transitional approach, using 100% of Ethereum Mainnet revenue for buybacks in the first month (approximately $1.7 million at current levels). The buyback officially began in the first week of October.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

GateUser-e43e7f97

· 2025-10-07 04:52

Ape In 🚀

Reply0