If a project doesn't buy back its own tokens, why should you?
Here's my Protocol Buybacks Tier List đ§”
⣠Bull đ
@HyperliquidX: Hyperliquid uses 97% of trading fees to buy back or redistribute $HYPE, $235m to date. In 30 days, they distributed $78.29m to holders.
@aave: Recently approved a $1m weekly $AAVE buyback. Itâs the first major OG DeFi protocol to formalize buybacks.
@RaydiumProtocol: 12% of trading fees from every swap to buy back $RAY. $193m repurchased so far & $7.7m distributed to holders in 30 days.
@SkyEcosystem: Sky initiated $1m/day buyback and burn using its stablecoin revenue (USDS), removing ~2% of the total token supply by midâ2025.
@PancakeSwap: 40% of the fees are used for $CAKE buyback. They've distributed $101.75m to holders in the last 30 days.
@KaitoAI: Weekly buybacks that help stabilize inflation and VC selling pressure. The buyback cut the circulating supply by ~3.5 million tokens.
⣠Crab đŠ
@dYdX: 25% of net fees for buybacks, staking $DYDX; 40% for staking rewards, making buybacks only slightly deflationary & not very effective.
@BNBCHAIN: Allocates 20% of quarterly revenue to buy and burn $BNB. No holder revenue is present.
@ether_fi: The program is still in the early stages, only $3.4m has been bought so far. Still risks of inflation and increased selling pressure.
@THORChain: Buybacks are counterbalanced by inflationary minting, leading to neutral long-term supply pressure, even with fee-based burns.
@orca_so: 20% of its protocol fees to buy $ORCA, which are then used for staking rewards. Buybacks are minimally deflationary and not very effective.
⣠Bear đ»
@PolyhedraZK: Awful price action and with manipulation and huge selling pressure. $ZKJ dropped from $2 to $0.30 in one day. Buybacks are useless.
@Shibtoken: Relies on community manual burns and Shibarium fee burns, no systemic buyback from revenue.
@pumpdotfun: Although the team is performing buybacks, the project is slowly fading after TGE. This may be the final nail in the coffin for memecoins.
@bonk_fun: Same argument as for @pumpdotfun. The meme narrative is a sinking ship, and buybacks won't save it. It's just a matter of time.
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