💸 The Buyback Conundrum: Play Smart or Protect Trust?

ℹ️ Protocols now use real revenue to buy their own tokens back - a big step for making tokens more like 'stocks + dividends.'

⚠️ Problem: most buybacks happen when prices are high (during hype) & slow down when prices are low (during quiet times).

Bad timing.

Current buybacks also often just 'pay market price,' which removes liquidity & makes tokens even pricier.

💡 Smarter options:

🔲 Place bids below market 👉 cheaper buys & more liquidity.

🔲 Spread buys evenly over time 👉 avoids boom/bust timing.

🔲 Trigger extra buys when tokens look undervalued.

💡 Tradeoff: 'dumb' buybacks = transparent, predictable & easy to trust for the community.

But 'smart' buybacks = better execution but more complex.

🆕 Protocols are experimenting & the future looks like:

Maker Bids + Smoothing + Full Transparency.