Haedal announces the launch of a token buyback program
ChainCatcher message, Haedal announces the launch of a token buyback plan:
Every week, Haedal will allocate 50% of the protocol revenue (liquidity staking fees + HMM fees + net profits from haeVault) to directly buy back HAEDAL tokens 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 veHAEDAL cycle after each buyback.)
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