Aster buys back 2.72M ASTER in two weeks, burns equal amount from team allocation
- —2.72M ASTER bought back over two weeks using 99% of daily fees
- —Equal amount burned from the team allocation
- —About 32.31M ASTER burned since the June 17 upgrade
- —Estimated staking yields: 4.53% for 26 weeks, 24.8% for 208 weeks
Why it matters: Recurring buybacks and burns cut ASTER supply and support staking yields, a key factor for holders valuing the token.
Source: PANews