šµĀ Fluid activates its buyback and launches the Fluid Reserve ā @0xfluid š
After surpassingĀ $10M in cumulative revenue, itās now official:Ā Fluid has triggered its $FLUID buyback mechanism.
The protocol announced the creation of theĀ "Fluid Reserve": an on-chain reserve designed toĀ buyback FLUID tokens using the protocolās generated revenue.
A few key details:
ā»ļø The first buyback took place onĀ October 3.
ā»ļø During theĀ first month, Fluid will redirectĀ 100% of Ethereum-based revenueĀ to the Reserve.
ā»ļø Revenues fromĀ Solana, Plasma, and the DEX V2Ā will be integrated progressively.
ā»ļø Currently,Ā Ethereum accounts for around 80% of Fluidās revenue, roughlyĀ $1.7M per month.
Fluid has becomeĀ one of the leading DeFi protocolsĀ and theĀ fastest-growing DEX on Ethereum.
With aĀ market size exceeding $6BĀ andĀ annualized revenue above $16M, it has now established itself as a leader inĀ lending and stablecoin swaps.
The launch of theĀ Fluid ReserveĀ marks a key milestone:Ā aligning the protocolās growth with the market performance of the $FLUID token.
Track buyback data in real time on theĀ Fluid dashboard:
šĀ
5.2K
8
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.