๐ฅBuyback & Burn Program
Learn more about the ongoing VRTX Buyback & Burn program.
Overview
The Buyback & Burn program is designed to use a portion of retained protocol revenue from the Vertex protocol (e.g., trading fees) to purchase VRTX on a forward-looking basis then subsequently burning the tokens.
Acquired VRTX with protocol revenue will be sent in full to the burn address below.
Periodic updates regarding the Buyback & Burn program will be provided to the community. You can find a data visualization of the current burn program status in Flipside's dashboard below.
List of Buyback & Burn Transaction Hashes
Cumulative Total Burned (06/25/204) = 3 Million VRTX
06/05/2024: 2 Million VRTX Burned
Announcement = https://x.com/vertex_protocol/status/1798396157997248916
06/25/2024: 1 Million VRTX Burned
Announcement = https://x.com/vertex_protocol/status/1805617746614665253
Note: The shift to the Buyback & Burn program is a change to the original Buyback & Stake program originally announced on April 30th, 2024. You can find the original program announcement and associated wallets below:
Disclosures: VRTX Token Supply Distribution Section
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