Saros Foundation Launches $SAROS Buyback Program with 100 Million Tokens for Future Growth

Generated by AI AgentCoin World
Thursday, Aug 7, 2025 12:20 pm ET1min read
SOL
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Aime RobotAime Summary

- Saros Foundation launches $SAROS buyback program with 100M tokens ($38M) to boost community confidence and token value.

- CEO Lynn Nguyen emphasizes aligning protocol growth with user benefits through quarterly revenue allocation for repurchases.

- Foundation pledges transparency via annual reports and plans to expand token utility in rewards, staking, and governance.

- Solana-based platform leverages DLMM technology to enhance liquidity and position itself as scalable DeFi infrastructure.

Saros Foundation has announced a new $SAROS token buyback program, signaling confidence in its long-term growth and deepening engagement with the community. The initiative begins with an initial purchase of 100 million tokens, valued at approximately $38 million at current prices [1]. This move marks a key milestone for the Solana-based decentralized finance (DeFi) platform as it continues to gain traction and scale.

According to the foundation, the recent price surge of $SAROS—from $0.01 in February to over $0.40 by late July—has been influenced in part by ongoing buybacks, which are set to continue and expand in scale [1]. The CEO of Saros, Lynn Nguyen, emphasized that the buyback program aligns with the belief that protocol growth should directly benefit users, the community, and long-term supporters [1].

Under the new structure, up to 20% of the protocol’s quarterly revenue will be allocated to repurchase $SAROS tokens, with the goal of consistently converting protocol performance into direct value for the network [1]. The foundation has also committed to transparency, pledging to release an annual report detailing the total amount repurchased and the overall progress of the program.

The buyback initiative is not just a financial strategy but also a foundational step toward increasing the utility of the $SAROS token. The platform plans to integrate $SAROS more deeply into its ecosystem, using it for rewards, incentives, staking, and future governance [1]. This multi-pronged approach aims to reinforce the token's role in the platform’s long-term success.

Saros, which operates on the

Solana
blockchain, is built on DLMM (Dynamic Liquidity Market Making) technology. This innovation enables real-time, adaptive liquidity, enhancing market depth, reducing slippage, and improving capital efficiency [1]. The platform positions itself as a scalable infrastructure for the next generation of decentralized trading.

Source: [1] Saros Foundation announces $SAROS buyback program after huge initial purchase of 100 million tokens as investment in future growth (https://coinmarketcap.com/community/articles/6894cea2cf062978f0299859/)