A certain Layer2 derivation protocol has launched its first round of buyback, and the report card from the past week is quite interesting.

The project party has repurchased a total of 1.48 million ORDER tokens, utilizing approximately 160,000 USDC, which calculates to an average cost of 0.1117 USD. This is the preliminary data for their first round of repurchase plan.

The direction of the tokens is also quite clear: half is directly distributed to staked users, but they have to wait for a linear release over 3 months; the other half goes into the community treasury, which may later be used for burning or airdrop incentives.

That said, it's indeed a bit awkward when buying pressure encounters a market crash. Whether market sentiment and repurchase rhythm can synchronize still needs further observation. Mechanism design is one thing, while actual effects are another.