@Samkazemian Will there be a buyback according to FIP wen

@samkazemian sorry this question another admin already answer but still quite confused,the buy back in case fxs go below 5 is buy back and burn or buy back and distribute to vefxs holder ?

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13.04.2024

Sam Kazemian ¤⛓️¤

LuffyX1991
@samkazemian sorry this question another admin alr...

It's FLE now. It's buyback and POL based on revenues. To put it simply: it has the same effect as buyback and burn and not the same effect as buyback and veFXS (that is a separate flow). Protocol owned liquidity of bought back FXS is basically like you burned it but can trade against it on the whole xy=k price range.

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13.04.2024

LuffyX1991

Sam Kazemian ¤⛓️¤
It's FLE now. It's buyback and POL based on revenu...

Ok thanks for your explained

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13.04.2024

Timothy

Sam Kazemian ¤⛓️¤
It's FLE now. It's buyback and POL based on revenu...

Well it's not the same unless that liquidity is perma locked Is that the case?

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13.04.2024