When will the #ONDO buyback proposal get off the ground?
The proposal aims to direct the protocol’s annualized fee revenue (approximately $47–48 million) to token holders or use it for programmatic buybacks, subject to a governance vote. However, the vote has been postponed from the first half of 2026 to the second half, and no formal proposal has ever been submitted.
This is the only path for ONDO to shift from a “pure governance token” to a “yield-bearing token,” and it is the biggest source of uncertainty in its current valuation.
Meanwhile, selling pressure from token unlocks remains an issue (approximately 1.7–1.94 billion tokens were unlocked in January 2026, with a similar amount due on January 18, 2027): $ONDO .
So ONDO’s future value is hard to predict. The whales have reaped all the benefits of #RWA , yet they’re unwilling to share even a little with ONDO holders.
The proposal aims to direct the protocol’s annualized fee revenue (approximately $47–48 million) to token holders or use it for programmatic buybacks, subject to a governance vote. However, the vote has been postponed from the first half of 2026 to the second half, and no formal proposal has ever been submitted.
This is the only path for ONDO to shift from a “pure governance token” to a “yield-bearing token,” and it is the biggest source of uncertainty in its current valuation.
Meanwhile, selling pressure from token unlocks remains an issue (approximately 1.7–1.94 billion tokens were unlocked in January 2026, with a similar amount due on January 18, 2027): $ONDO .
So ONDO’s future value is hard to predict. The whales have reaped all the benefits of #RWA , yet they’re unwilling to share even a little with ONDO holders.