
Kingfisher
@nevertheless
1887 Following
177 Followers
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Bullish on DeFi as more protocols activate their fee switches:
dYdX just launched a buyback program using 25% of its net protocol revenue, which was $46M in 2024.
Aave about to start $1M buybacks, and FLUID should announce it soon, too.
We also have $HYPE, $MKR, $RAY, $GMX and others.
As more DeFi protocols turn fee switches, it puts pressure on other teams to follow, notably $UNI
Still, buybacks may not help pump tokens as
@defi_monk
recent post shows. Fee switches focus token evaluation on fundamentals, not growth potential.
But they do offer some downside protection.
As a token becomes cheaper, it becomes more appealing, assuming revenue remains constant. 0 reply
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