PROSPER Launches Performance Markets on Pharos With Fee-Funded Buybacks for Vault Tokens
Crypto protocols spent $638 million buying back their own tokens in the first eight months of 2026, up from $545 million in the same stretch of 2025 and from a few hundred thousand dollars in all of 2024. Nearly nine dollars in ten of that came from two names, Hyperliquid and Pump.fun. The reason is simple: both earn real fees and both have decided that the cleanest way to pass fees to a token is to buy the token and destroy it.
PROSPER, which launched today on Pharos Network, takes that mechanism and attaches it to something much smaller than a protocol. It attaches it to a single trading strategy. Any curator with an onchain track record can now deploy a vault, let investors buy shares in it and, alongside those shares, launch a separate token whose only link to the strategy is a promise written into the...
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