According to BlockBeats news, on May 6th, Haedal announced the launch of a token repurchase plan: every week, Haedal will allocate 50% of the protocol revenue (liquid staking fees + HMM fees + net profit from haeVault) to repurchase HAEDAL tokens directly from the Secondary Market. Rewards for veHAEDAL Stakers: the repurchased HAEDAL will be distributed 100% to veHAEDAL stakers based on their veHAEDAL balance ratio. (The actual reward distribution will be executed in the next week’s veHAEDAL cycle after each repurchase.)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Haedal announced the launch of a Token buyback plan.
According to BlockBeats news, on May 6th, Haedal announced the launch of a token repurchase plan: every week, Haedal will allocate 50% of the protocol revenue (liquid staking fees + HMM fees + net profit from haeVault) to repurchase HAEDAL tokens directly from the Secondary Market. Rewards for veHAEDAL Stakers: the repurchased HAEDAL will be distributed 100% to veHAEDAL stakers based on their veHAEDAL balance ratio. (The actual reward distribution will be executed in the next week’s veHAEDAL cycle after each repurchase.)