🚀 $WLFI launching a buyback!
World Liberty Financial rolled out an important tokenomics update. They’re launching a program to buy back tokens $WLFI from the market.
The key thing is that the buyback will be funded not “out of thin air,” but with revenue from fees on the reserves of their stablecoin, $USD1.
The model works: stablecoin usage grows ➔ fees accrue ➔ $WLFI is bought back. We’re keeping an eye on the order book and volumes 👀
#Nasdaq100Tumbles6%
#KospiSlideTriggersCircuitBreaker
#USStocksSufferSteepestRoutSince2020
#USStocksSlipandCryptoMarketUnderBroadPressure
$WLFI
World Liberty Financial rolled out an important tokenomics update. They’re launching a program to buy back tokens $WLFI from the market.
The key thing is that the buyback will be funded not “out of thin air,” but with revenue from fees on the reserves of their stablecoin, $USD1.
The model works: stablecoin usage grows ➔ fees accrue ➔ $WLFI is bought back. We’re keeping an eye on the order book and volumes 👀
#Nasdaq100Tumbles6%
#KospiSlideTriggersCircuitBreaker
#USStocksSufferSteepestRoutSince2020
#USStocksSlipandCryptoMarketUnderBroadPressure
$WLFI
