🔎 $WARD
Vote coming up: migrate to Base, lower inflation, and use revenue for buybacks and burns
Warden Protocol has announced a governance proposal that could reshape WARD tokenomics. The voting period runs from October 10 to 14.
The proposal includes four key changes:
🔹 Migrate to Base: The plan is to migrate WARD to an ERC-20 token on Base and connect it to other networks through cross-chain bridges.
🔹 Discontinue Warden Chain: The project will adjust its existing network architecture.
🔹 Cap the supply: The proposal aims to cap the total WARD supply at 2 billion tokens and reduce token inflation.
🔹 Use product revenue for buybacks and burns: The goal is to directly link revenue generated by the product business to a token buyback mechanism.
One important caveat: these are still governance proposals, not changes that have all been implemented. Whether the proposal passes, how much inflation will ultimately be reduced, and how much funding will actually be available for buybacks all remain to be confirmed.
What’s really worth tracking this time is the voting outcome and whether the project can generate sustained product revenue.
If the buyback mechanism is ultimately implemented, the market will have a metric it can evaluate using real data, rather than just verbal promises of positive outcomes.
Vote coming up: migrate to Base, lower inflation, and use revenue for buybacks and burns
Warden Protocol has announced a governance proposal that could reshape WARD tokenomics. The voting period runs from October 10 to 14.
The proposal includes four key changes:
🔹 Migrate to Base: The plan is to migrate WARD to an ERC-20 token on Base and connect it to other networks through cross-chain bridges.
🔹 Discontinue Warden Chain: The project will adjust its existing network architecture.
🔹 Cap the supply: The proposal aims to cap the total WARD supply at 2 billion tokens and reduce token inflation.
🔹 Use product revenue for buybacks and burns: The goal is to directly link revenue generated by the product business to a token buyback mechanism.
One important caveat: these are still governance proposals, not changes that have all been implemented. Whether the proposal passes, how much inflation will ultimately be reduced, and how much funding will actually be available for buybacks all remain to be confirmed.
What’s really worth tracking this time is the voting outcome and whether the project can generate sustained product revenue.
If the buyback mechanism is ultimately implemented, the market will have a metric it can evaluate using real data, rather than just verbal promises of positive outcomes.