Haedal Protocol, a staking protocol built on the Sui blockchain, has announced the launch of a HAEDAL token buyback program aimed at supporting its stakers and growing its ecosystem.
Announcement of the Buyback Program
Haedal Protocol has announced a buyback program designed to reward stakers. Under this initiative, 50% of the protocol's weekly revenue, including liquid staking fees and haeVault profits, will be used to repurchase HAEDAL tokens from the secondary market.
Program Terms
All repurchased tokens will be distributed weekly and proportionally to HAEDAL stakers. The team stated that its goal is to create a sustainable cycle where ecosystem growth translates into tangible benefits for long-term and loyal investors.
Market Reaction
Following the announcement of the buyback program, the price of HAEDAL increased. The team expressed confidence that this program will be ongoing, providing additional opportunities for community involvement.
The launch of the buyback program by Haedal Protocol marks an important step in the development of the ecosystem and support for stakers, emphasizing the team's commitment to long-term investments.
