Orderly Network has launched a buyback program for its native RDER token, repurchasing tokens from the open market using treasury funds. This initiative marks a significant step in strengthening the value and utility of the RDER token within the ecosystem.
A recent governance proposal enables the funding of buybacks directly from protocol fees, allowing up to 60% of net transaction fees to be used for repurchasing tokens. This enhancement increases the community’s role in value distribution by linking protocol performance directly to token demand.
Orderly Network is a decentralized finance (DeFi) platform that powers multiple trading applications. It combines the speed of centralized exchanges with the security benefits of blockchain technology, offering users efficient and reliable trading experiences.
The buyback mechanism empowers the community wallet to acquire RDER tokens through collective decision-making processes. This approach ensures that the buyback program aligns with the interests of the broader community rather than being unilaterally controlled.
Additionally, stakers now receive vested portions of repurchased tokens, which helps align incentives for long-term protocol growth. By distributing tokens gradually, the protocol encourages sustained engagement and commitment from its token holders.
The protocol treasury assets can also be directed by governance votes to either generate additional yields or retain repurchased tokens. This flexibility gives the community the power to manage the buyback program’s implementation in a way that best supports the protocol’s health and growth.
Overall, Orderly Network’s buyback program represents a community-driven effort to enhance token value, promote long-term participation, and ensure sustainable growth within the DeFi ecosystem.
https://cryptobriefing.com/orderly-network-order-buyback-program-initiated/
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