Some key information about $spark : 10% of funds exceeding the target are used for standard buybacks, and 100% buyback for the portion exceeding 200%. However, the buybacks are not burned, so the actual effect on reducing circulation is limited. Spark SubDAO’s own funds just reached 38m, with an income of 16.18m in the past 5 months, annualized to about 39m. At this income level, the buyback intensity is very mild and not particularly attractive.
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Some key information about $spark : 10% of funds exceeding the target are used for standard buybacks, and 100% buyback for the portion exceeding 200%. However, the buybacks are not burned, so the actual effect on reducing circulation is limited. Spark SubDAO’s own funds just reached 38m, with an income of 16.18m in the past 5 months, annualized to about 39m. At this income level, the buyback intensity is very mild and not particularly attractive.