Key Thesis - Pumpdotfun 的核心观点与六周前以当前价格购买 13.2 亿美元的公开和私募股份时相同 [1] - 主要假设的风险已经降低 [1] Buybacks - 他们表明愿意用 100% 的收入回购 $PUMP [1] Fundamentals - (No specific fundamentals mentioned in the provided content)

WLFI community has proposed allocating 100% of protocol-owned liquidity (POL) fees to open market buybacks and permanent burns of WLFI tokens, aiming to reduce circulating supply. The proposal applies only to fees generated by WLFI-controlled liquidity and excludes those from community or third-party LPs. https://t.co/Jhi9hRCpmB ...

hyperliquid generated $240m in buybacks from liquidation fees over 90 days.oracleless architecture isn't a bug, it's the revenue model feeding token holders. ...

hyperliquid was directing 99% of protocol revenue into buybacks, for capturing 36% of all crypto revenues at 1.2% combined market cap. how long before traders understand self-liquidating treasuries? ...

RT Mod (@wsbmod)@hyperunit Unit contributed 20% of the buy backs via HL's portion of the spot fees ($941,907) during this period.In addition, Unit is also using 100% of the fees of its portion to buy back HYPE, effectively resulting in $1.88M of HYPE buybacks directly attributable to Unit spot trading. ...

RT VIKTOR (@thedefivillain)If people are excited about the buybacks on $HYPE or $PUMP, they should have a look at the $QTO buybacks :The buyback wallet bought $800k of $QTO over the last 30 days (verifiable on-chain)... on a $12M market cap coinAnd all of this is happening while the volume on @quanto is still quite small, which means it could easily go up multiples.I love this asymmetric setup, so I am obviously very long $QTO ...

assistance fund burning $3.65m daily through hype buybacks, already consumed 2.9% of max supply. november unlocks hit exactly when fund crosses 5% ownership threshold. programmatic buyers controlling >5% of supply create permanent floors. positioning for the only buyer that never stops. ...

Market Trend & Leadership - Useless 展示了巨大的力量，是其类别中的领导者 [1] - Useless 和 Bonk 生态是现在到处都有收入分成和回购的原因 [1] Token Performance - USELESS 自上次发帖以来出现剧烈波动 [1]

Buyback Models - Fluid DAO 将投票决定从 10 月 1 日开始实施的回购模型 [1] - 三种模型包括动态 FDV 曲线、30 天 TWAP 以及混合模型 [1] Dynamic FDV Curve Model - 当 FDV 小于 5 亿美元时，100% 的收入用于回购 [1] - 随着 FDV 上升，分配比例降低 [1] - 旨在支持被低估的 Token，但存在“价格天花板”的风险 [1] 30-day TWAP Model - 如果 Token 交易价格低于 30 天平均价格，则使用收入进行回购 [2] - 如果高于 30 天平均价格，则不进行回购 [2] - 旨在逢低买入，并在强势时节省现金 [2] Hybrid Model - 混合模型结合了动态 FDV 曲线和 30 天 TWAP 两种模型 [3] - 在牛市中，当 Token 价格上涨时，回购最少，以便更多收入可以用于建设国库 [3] - 在熊市中，FDV 曲线启动，在 Token 被低估时分配更多资金用于回购 [3] - 旨在避免在顶部浪费现金，同时在底部介入以支持价格 [3]

chainlink's reserve program converting protocol revenue to direct buybacks changes everything about link tokenomics:1. every oracle fee becomes automatic buy pressure.2. ice's $11t derivatives market pays link directly for data feeds. (that's $340m annual revenue converting to buybacks.)3. shorts funding the buyback program.4. token becomes deflationary.reserve activation in q1 means 68% market dominance oracle becomes a buyback machine (!) price discovery happens fast. ...