@BounceBit $BB is down 13.5% from 0.13 to 0.11 as $BTC jumped down from 124K ATH to 118K
What to expect from BB Buyback?
8.87M BB has been repurchased over the past week from the open market.
The Buyback program will be backed by ~16M from annualized protocol revenue, and it can be monitor via its public dashboard.
That might help against a downturn if it were to ensue, but as weak hands return their holdings to the team, would not it become more closely held by minorities, i.e less descentralized?