Over $3 million in tokens bought and burned by protocol buybacks, Andre Cronje notes

Over $3 million in tokens bought and burned by protocol buybacks, Andre Cronje notes
Protocol buybacks and NAV burns top $3 million

Protocol buybacks and NAV buyback burns have surpassed $3 million worth of tokens acquired with revenue over an eight-month period.

Andre Cronje, who posted the update, said this represents the highest amount for any protocol to date.

Cronje has previously reported that ssftUSD looping is now enabled via Morpho and kpk_io, offering yields up to 24.11% APY with expectations to normalize near 12%. In a separate development, he described onchain swaps providing no fees or gas costs, which enables yield earning and collateral use. These updates reflect ongoing feature rollouts under Cronje's direction.

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