TokenWorks, an on-chain financial experimentation team, said it has increased the share of protocol fees used for buybacks in its Fake World Assets (FWA) product from 80% to 100%. The team also revised how repurchased tokens will be distributed: 40% will go to buyers, 30% to depositors, and 30% will be burned. At the same time, trades in the v4 pool will continue to carry a 1% fee retained by TokenWorks. The update outlines a full fee-to-buyback shift for FWA protocol revenue while keeping the existing v4 pool fee arrangement in place.
According to ChainCatcher, TokenWorks, an on-chain financial experimentation team, said it has raised the share of fees from its Fake World Assets (FWA) protocol used for buybacks from 80% to 100%.
TokenWorks also updated the allocation for repurchased tokens. Under the new breakdown, 40% will go to buyers, 30% to depositors, and 30% will be burned.
The team added that trades in the v4 pool will still include a 1% fee retained by TokenWorks.
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