A protocol using revenue to purchase its own token from the open market, creating buy pressure and reducing circulating supply. Similar to stock buybacks in traditional finance.
A protocol using revenue to purchase its own token from the open market, creating buy pressure and reducing circulating supply.
Similar to stock buybacks in traditional finance.
This is a key building block of decentralized finance. Understanding it helps you navigate DeFi protocols safely, evaluate yield opportunities, and avoid common pitfalls.