TechFlow reports that decentralized capital markets protocol Clearpool has announced the execution of its Q1 2024 $CPOOL buyback and burn program. A total of $63,780.41 was used to repurchase 271,854.577996 CPOOL tokens—an increase of over 50% compared to the previous quarter. Half of the repurchased tokens were burned, while the other half were deposited into rewards.
Revenue generated from Clearpool Prime and permissionless pools, combined with the 1% monthly fee paid by borrowers, contributes to the buyback fund, with 50% allocated toward token repurchases.
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