ethereum:0xda5e1988097297dcdc1f90d4dfe7909e847cbef6 buybacks are intended to strengthen WLFI governance participation by an active community of long-term holders.
USD1 is an important part of the WLFI ecosystem. As USD1 supply grows, the potential economics associated with USD1 and overall ecosystem activity may also grow. WLFI buybacks may be funded from various sources. A substantial portion of USD1 gross revenue is paid to partners and service providers. Any resources available to support buybacks from USD1-related economics therefore depend on the amounts retained after partner distributions, direct costs and other obligations.
Buybacks will be executed on Aster through this wallet:
The community can follow the walletโs activity and buyback transactions onchain.
The timing, size and execution of any buybacks will be determined based on available resources, applicable requirements and assessment of buyback impact on governance participation, and may be modified or discontinued at any time.