The revenue meta continues. Honestly my favourite meta, not because of explosive price action or finding 100x gems, but because it seems like it might be sustainable and is also the reason I first got excited about alt coins in the first place.
The dream was to be able to buy tokens and own part of a network, therefore receiving some of the rewards when that network did well.
Up until recently, this never really was the case, but we're starting to see more and more and more protocols either launch with revenue and buyback mechanics, or existing ones adopt them.
A big thank you and shoutout to Rhea Finance on the Near Protocol for sponsoring my Newsletter; always happy to held shed a bit of light on legit projects like these 🫡
Revenue and Buybacks
- 30–40% of Lending Protocol revenue is used for monthly $RHEA buybacks.
- 20% of RHEA DEX revenue is used for monthly $RHEA buybacks, while the remaining 80% goes back to the Liquidity Provider.
Since $RHEA TGE on July 31st, the team has bought back 10 million $RHEA.
The buyback program will continue as long as the protocol operates.
Track RHEA fees and revenue here:
Read more on RHEA MiCA whitepaper
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