BlockBeats News, May 6, Haedal announced the launch of a token buyback program:
Every week, Haedal will allocate 50% of protocol earnings (liquidity staking fees + HMM fees + haeVault net profits) to directly buy back HAEDAL tokens from the secondary market.
veHAEDAL Stakers' Rewards: The bought-back HAEDAL tokens will be distributed 100% proportionally to veHAEDAL stakers based on their veHAEDAL balance. (Actual reward distribution will take place in the next veHAEDAL cycle after each buyback.)