Why Protocol Revenue Buybacks Are the Smartest Crypto Investment Signal | Ep 524
Good now revolutionaries—Will and Alex close out the week from home with a compressed Thursday show before Will heads to a mountain cabin for his 12th anniversary. The whole hour is essentially a master-class on revenue buyback policies: Sky Protocol just temporarily dropped its buyback rate from 87% to 7.5% for three months to cushion the USDS stablecoin reserve, with a planned return to 25% (still aggressive at $46M/year on current revenue). Will's full leaderboard: Hyperliquid leads at ~$1.1B/year in buybacks, Uniswap will land at $100-300M when its policy fully rolls out, Pump.fun at…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.