Fluid initiates buybacks to create FLUID token on-chain reserves, with 100% of Ethereum Mainnet revenue in the first month used for buybacks.

GateNewsBot

2025-10-07 04:44:15

ETH1,28%

Foresight News reports that the lending protocol Fluid has announced the creation of an FLUID token on-chain reserve, guided by a buyback and growth strategy. The team is developing a dedicated buyback and tracking system to determine the optimal proportion of the protocol's revenue to be used for buybacks. During this period, the DAO will take a transitional approach, using 100% of Ethereum Mainnet revenue for buybacks in the first month (approximately $1.7 million at current levels). The buyback officially began in the first week of October.

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Data: If ETH drops below $1,890, the total long liquidation strength on major CEXs will reach $749 million.

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ChainCatcher News, according to Coinglass data, if ETH drops below $1,890, the total long liquidation strength on major CEXs will reach $749 million. Conversely, if ETH breaks above $2,073, the total short liquidation strength on major CEXs will reach $558 million.

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GateUser-e43e7f97

· 2025-10-07 04:52

Ape In 🚀

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