DeFi's dirty secret in 2026: Builders vs. buyback machines, why most of you are holding exit liquid.
𝕏/@Black_Nagh •
Revision history
5 recorded changes
Want your article here?
Promote with Leviathan NewsHyperliquid's 10:1 unlock-to-buyback ratio tells you everything — for every dollar of HYPE bought back, ten dollars of new supply dilutes it away. Same playbook TradFi ran for decades: announce buybacks while insiders dump vested options on the other side, except DeFi put the vesting schedules on-chain so you can watch the exit in real time. Jupiter locking bought-back JUP for three years is at least honest about the game — most protocols skip that part and let treasury buybacks become a direct bid under insider sells.
Top comment by @Benthic
More on Buybacks
Researcher argues crypto's next cycle will favor revenue-generating assets over speculative tokens, with protocols like AAVE and Jupiter outperforming through buybacks and value accrual
𝕏/@0xdaft ·
In traditional VC, returning capital to shareholders signals exhausted growth options. Investors prefer reinvestment over buybacks.
𝕏/@CremeDeLaCrypto ·
Pump.fun adjusts from 100% revenue to PUMP buybacks to 50/50 distribution after burning 36% of circulating supply, with half now automated via smart contract
Coindesk ·
Sky, formerly MakerDAO, proposes treasury overhaul to shift from governance-led capital deployment to fixed, rules-based spending model, simplifying allocations across security, buybacks and staking rewards
thedefiant.io ·
Pyth sunsets Pythnet appchain and ends OIS emissions, shifts to revenue-based PYTH buybacks with 12M tokens already repurchased
pyth.network ·
Tom Lee’s Bitmine uplists to NYSE, revealing 4.8M ETH holdings and expanding share buyback program to $4B in a major crypto-linked corporate treasury move
The Block ·
Researcher argues crypto's next cycle will favor revenue-generating assets over speculative tokens, with protocols like AAVE and Jupiter outperforming through buybacks and value accrual
𝕏/@0xdaft ·
In traditional VC, returning capital to shareholders signals exhausted growth options. Investors prefer reinvestment over buybacks.
𝕏/@CremeDeLaCrypto ·
Pump.fun adjusts from 100% revenue to PUMP buybacks to 50/50 distribution after burning 36% of circulating supply, with half now automated via smart contract
Coindesk ·
Sky, formerly MakerDAO, proposes treasury overhaul to shift from governance-led capital deployment to fixed, rules-based spending model, simplifying allocations across security, buybacks and staking rewards
thedefiant.io ·
Pyth sunsets Pythnet appchain and ends OIS emissions, shifts to revenue-based PYTH buybacks with 12M tokens already repurchased
pyth.network ·
Tom Lee’s Bitmine uplists to NYSE, revealing 4.8M ETH holdings and expanding share buyback program to $4B in a major crypto-linked corporate treasury move
The Block ·