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Original translation by: Saoirse, Foresight News On November 10, when Uniswap administrators submitted the “UNIFication” proposal, the document read more like a corporate restructuring than an agreement update. The proposal plans to activate previously unused protocol fees, channeling funds through a new on-chain treasury engine and using the proceeds to purchase and burn UNI tokens. This model is strikingly similar to stock buyback programs in traditional finance. A day later, Lido launched a similar mechanism. Its Decentralized Autonomous Organization (DAO) proposed an automatic buyback system: when the price of Ethereum exceeds $3,000 and the annualized revenue exceeds $40 million, the excess staking proceeds will be used to buy back its governance token, LDO. This mechanism deliberately employs a “counter-cyclical” strategy—it is more powerful during bull markets and becomes more conservative…# Analysis# crypto# defiPre
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