Orderly Network initiates $ORDER buyback program
Crypto Briefing
Orderly Network has launched a buyback program for its $ORDER token using up to 60% of net transaction fees.Summary
Orderly Network, a DeFi platform known for fast trading apps, has started a buyback program for its native token, $ORDER. This initiative will use up to 60% of the protocol's net transaction fees to repurchase tokens from the open market. The funding mechanism was enabled by a recent governance proposal, which enhances decentralized control over asset distribution. Stakers now receive vested portions of these repurchased tokens, aligning incentives with long-term growth. Furthermore, community governance votes can direct protocol treasury assets to generate yield or retain the repurchased tokens, providing flexibility in managing the buyback implementation.
(Source：Crypto Briefing)