Derive.xyz (@DeriveXYZ)
@DeriveXYZ
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Weekly Buyback #87# Complete
124,238 DRV was purchased at an average price of $0.41. Derive DAO has bought back a total of 28,102,795 DRV.
Buybacks are currently allocated 35% of protocol fees. From October 14 onwards, buybacks will be allocated 50% of protocol fees.
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Good breakdown from @0xTindorr on what the options market was showing before the move.
HYPE broke through $65 and suddenly all those 70/80/85 calls on Derive look a lot less ambitious.
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