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The Skate Foundation has completed an initial programmatic buyback of 1,052,631.57895 $SKATE at an average acquisition price of $0.038.
These tokens are earmarked for redistribution to $SKATE stakers participating during the pre-boost period, with the distribution scheduled for July 1st.
Skate Foundation@SkateFDN
We're excited to announce that we'll soon be performing our first $SKATE buyback, a significant step in our protocol's revenue distribution. It will utilize the revenue generated from Skate AMM trading fees and Skatechain's sequencer. All subsequent revenue will be distributed to $SKATE stakers on Skate's Eigenlayer AVS app.eigenlayer.xyz/avs/0xfc569b3b… Additional details regarding the distribution and Season 2 to be announced in due course.
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