Conversation

Do Kwon 🌕
@stablekwon
Bearish on increasing buybacks - a third of all protocol revenue being used for buybacks is high and likely will slow growth or weaken the yield reserve
9
129
Nicolas Flamel
@NicolasFlamelX
Remember when $Luna went from 50 cents to $20 and it captured the interest of the entire crypto community? $Anc going up could do the same which would only increase borrowing / deposit and devs interests. Buyback would help…
8
64
Do Kwon 🌕
@stablekwon
Im not saying token holders dont deserve love Im saying simply increasing buybacks is a IQ20 move- anchor buybacks dont even take tokens out of circulation, it just results in gov farmers profiting We need to reduce emissions and reward holding behavior
6
84
Show replies
Do Kwon 🌕
@stablekwon
Quote Tweet
Do Kwon 🌕
@stablekwon
·
Replying to @desimulator01 @NicolasFlamelX and 2 others
Im not saying token holders dont deserve love Im saying simply increasing buybacks is a IQ20 move- anchor buybacks dont even take tokens out of circulation, it just results in gov farmers profiting We need to reduce emissions and reward holding behavior
6
Virtualevil
@virtualevil
Replying to
@stablekwon
@NicolasFlamelX
and 2 others
Anchor is a foundational lego block of Terra and increasingly will become so for other bridged chains. Things need to move very slowly and carefully with it, especially given so many protocols now build or integrate directly into it. ANC will have its day but is not a fast play.