First CPOOL Buyback Executed
Clearpool is pleased to announce that the first CPOOL buyback has been executed using protocol revenue generated since Clearpool was launched on 23rd March 2022.
The revenue generated from both permissioned and permissionless pools has been removed from the contracts and used to buy back CPOOL.
A total of USDC 95,638 was used to purchase 1,633,436.31 CPOOL during this buyback. All of the tokens purchased have been burned.
Following this inaugural event, buybacks will continue to take place regularly, once per quarter.
For more information and transaction details, please see here.