Good morning everyone
@base.base.eth @baseapp.base.eth
Crypto News : LIT buybacks are progressing at a strong pace.
The team has already repurchased 1.75% of the circulating supply.
If this pace continues, total buybacks could reach 20% by year end.
Since the new buyback mechanism was deployed, buying pressure has become more consistent.
All protocol revenue is being allocated to buybacks.
The team views this as an optimal accumulation zone while the broader market remains in a downtrend.
This strategy may fully demonstrate its potential once positive market sentiment returns, as LIT supply on the market will be increasingly scarce, accumulated by the team at favorable prices.
$LIT