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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
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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…
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I'm all for "sustainable long term revenue increasing ideas"....I'd love to hear such ideas. My small brain hopes the 100 million ANC community fund soon spawns some of these ideas
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