FLUID Jumps 10% as DeFi Star Kicks Off Token Buyback
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The crypto world is buzzing about $FLUID, the governance token for the Fluid DeFi protocol, which has taken over X conversations this week. Fluid, formerly known as Instadapp, announced on Tuesday the launch of its token buyback initiative, dubbed the Fluid Reserve. The DeFi protocol, which operates as a connected liquidity layer for lending and decentralized trading on Ethereum and Solana, revealed plans to allocate 100% of its Ethereum mainnet revenue, estimated at $1.7 million for October, toward on-chain buybacks.. https://twitter.com/0xfluid/status/1975293202325557753 The buyback program, executed in small, transparent transactions, aims to bolster governance and stabilize the token’s value. Fluid
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