Haedal has announced the launch of a weekly token buyback program utilizing 50% of its protocol revenue to purchase HAEDAL tokens from the secondary market. Stakers of veHAEDAL tokens are directly benefiting from this initiative.
Launch of Buyback Program
On May 6, 2025, Haedal, operating within the Sui ecosystem, unveiled a buyback program that allocates 50% of revenues from liquidity staking fees, HMM fees, and haeVault net profits to repurchase HAEDAL tokens. This initiative aims to stimulate community engagement and boost token value. The entire repurchased amount is distributed to veHAEDAL stakers based on their holding ratio, enhancing participant incentives.
Positive Market Reaction
The market reacted positively to the announcement, with the HAEDAL token price experiencing an immediate increase. This step marks an ongoing commitment to rewarding long-term believers. Currently, the price of the HAEDAL token is $0.16, with a market cap of $31.38 million and a 24-hour trading volume reaching $285.47 million. The HAEDAL token has increased by 5.34% in the past 24 hours and 82.15% over the past week.
Long-Term Benefits for Stakers
According to the Coincu research team, similar buyback schemes enhance long-term stakeholder alignment and bolster governance by reducing circulating supply. Such ongoing programs may also contribute positively to investor sentiment, potentially driving increased protocol adoption and market growth.
The launch of Haedal's token buyback program demonstrates a commitment to rewarding stakers and reviving token price, which may create long-term advantages for all participants in the ecosystem.
