Key Takeaways
- Orderly Network has launched a buyback program for its native $ORDER token, repurchasing tokens from the open market using treasury funds.
- A recent governance proposal enables the funding of buybacks directly from protocol fees, enhancing the community’s role in value distribution.
Orderly Network, a DeFi platform powering multiple trading apps with centralized exchange-like speed and blockchain security, has initiated a buyback program for $ORDER, the native token of its decentralized trading engine. The protocol will use up to 60% of its net transaction fees to repurchase tokens from the open market.
A recent governance proposal passed to fund token buybacks directly from protocol fees, enhancing community control over value distribution. The buyback mechanism allows the community wallet to acquire $ORDER tokens through collective decision-making processes.
Stakers now receive vested portions of repurchased tokens, aligning incentives with long-term protocol growth. Protocol treasury assets can be directed by governance votes to generate additional yields or retain repurchased tokens, giving the community flexibility in managing the buyback program’s implementation.
Source: https://cryptobriefing.com/orderly-network-order-buyback-program-initiated/