The decentralized finance (DeFi) protocol, the decentralized autonomous organization (DAO) of Alchemix Finance (ALCX), has approved a proposal to repurchase a portion of its proceeds from native token ALCX.
Alchemix DAO, as a result of a proposal accepted on February 6, the revenue from the protocol’s return activities one-third By directing to ALCX reception get secondary assetAssets aims to support With the accepted bid, volatility increased in ALCX price.
Commonly encountered in traditional finance buyback The company, which made a similar move, DeFi earnings power to increase stated purpose.
co-founder of the protocol Scoopy Troops, With the new plan, every deposit invested in liquidity pools 15% more of the dollar claimed that it would yield returns. In addition, with the buyback program, the demand on the local token will increase. will also increase It was among Scoopy’s discourses.
Founder, all of the new model to cover expenses and some in the treasury budget surplus He said he expects it to generate enough income for him to quit. According to the received data, Alchemix Protocol treasury is available. 1 million USD stablecoins and 2 million worth a dollar Ethereum (ETH) contains.
After a three-day voting period, the proposal 81% positive against vote 1% negative accepted by vote. The voting participants 18% abstain left.
Along with the statement $20.3 from the levels from 20% experiencing an increase $24.62 According to Coinecko data, ALCX, which has reached the level of 21.82 traded in dollars.