Buybacks & HYPE Distribution
Using Trading Fees to Reward Liquidity Providers Each Week
Weekly Buyback and Distribution Program
Gliquid will use 2% of trading fees (representing 100% of the team/project share) each week to buy HYPE on the open market and distribute it to liquidity providers the following week.
Buybacks are executed every Monday. This process is currently manual but a vault will be developed to automate it in the future
The team reserves the right to pause or modify this program at any time.
Example:
The first buyback was on June 16, with approximately $200 in fees, plus an additional $1,800 contributed by the gliquid team to boost HYPE rewards by 60% compared to the previous week.
Week
From Team Pocket to LPers
Gliquid Team Trading Fees
Week 1
$500 in HYPE
N/A
Week 2
$1000 in HYPE
N/A
Week 3
$1800 in HYPE
$200
Week 4
$1700 in Hype
$300
Week 5
$0 in Hype
$300
Last updated