@BreugelFrederik@GEODNET When you look at the hundreds of transactions, they sold 4m in one tx, only to buy it back, for it to then be used to TWAP it out.
@amirhaleem Let's be honest. You were NOT buying back tokens on the open market, you were burning tokens from the treasury (branding/marketing it as "buying back)". Or am I in the wrong here?
$GEOD burn accelerating in full spirit in Q4🔥
Over 901,000 GEOD burned this week, with the burn rate hitting all-time highs — now offsetting more than 80% of new issuance.
Real revenue. Real demand. Real deflation.
This concludes our first week of buybacks and burns.
Tomorrow, the buyback pool refuels with new rewards from last week’s 512K veAERO, plus an additional 162K+ veAERO accumulated this week.
Then, the cycle begins again.
🛫