PROSPER launches Performance Markets on Pharos with token buybacks funded by fees
- —The p{VAULT} token has a fixed supply of 1 billion and is sold via a public bonding curve
- —Buybacks and burns are triggered only when a strategy exceeds its previous peak return
- —Curated DeFi vaults already hold capital: Morpho at $4.6 billion, Hyperliquid at $250 million
- —Protocols spent $638 million buying back their own tokens in the first 8 months of 2026
Why it matters: The model separates a speculative token from a share in a strategy, creating a market for curator reputation without transferring rights to the assets.
Source: HackerNoon (crypto tag)