Treehouse launches token buyback program, repurchasing approximately 350,000 $TREE in the first week
Jinse Finance reported on November 25 that fixed income infrastructure protocol Treehouse announced that its token buyback proposal received overwhelming support of 99.59% on November 15, marking one of the most important decisions since the establishment of the DAO. This buyback aims to boost market confidence and support the long-term value of $TREE. Since completing its TGE this year, Treehouse officially established its DAO in September, ushering in a new phase of community-led governance. In its first large-scale open market buyback, the team has repurchased nearly 350,000 $TREE and simultaneously released complete on-chain data to ensure transparency and verifiability. The token buyback is similar to a stock buyback, aiming to increase the price by reducing market circulation and conveying confidence in the value of $TREE. Treehouse believes that the value of $TREE far exceeds market expectations, and therefore adopts a regular buyback strategy to reduce circulation and benefit long-term holders. Highlights of the buyback mechanism: Income source: The buyback is supported by real income generated from Market Efficiency Yield (MEY), mainly in tETH. Transparent execution: The buyback is conducted via CowSwap on Ethereum, ensuring decentralized execution. Flexible frequency: The buyback is carried out irregularly, at least once a week, to reduce the risk of front-running. Tokens deposited into the DAO treasury: All repurchased $TREE will be deposited into the DAO multi-signature treasury, and subsequent use will be decided by community governance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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