The Saros Foundation has launched a quarterly token buyback plan, with the first phase having purchased 100 million SAROS.

According to Mars Finance, The Block reported that the decentralized trading protocol Saros announced the launch of a long-term token buyback plan, with the first phase having purchased 100 million SAROS (approximately 38 million USD). The foundation stated that the recent rise in token prices is partially due to ongoing buybacks, and in the future, 20% of the protocol's revenue will be allocated for buybacks each quarter, with the scale gradually expanding as revenue rises. According to the announcement, the buyback funds come entirely from protocol revenue, aiming to feedback the ecological development value to the community. Saros promises to release annual transparency reports on buyback progress and plans to expand the utility of SAROS tokens in scenarios such as staking incentives and governance.