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A certain DeFi protocol has just launched the 4th governance proposal, suggesting to take half of the MEY fees generated from tETH to buy back TREE tokens.
This proposal is currently in the community voting phase. If approved, the protocol will regularly buy TREE from the secondary market using this portion of the revenue, which may directly impact the Token economic model.
It feels like this type of buyback mechanism is becoming increasingly common in DeFi projects, essentially adjusting the distribution method of protocol revenue.