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    STEP Buybacks and Burns

    Buybacks and Price Change
    Do STEP Buybacks Affect STEP Price?

    From the Table above, it is evident that token buybacks have proven to be a working value accrual mechanism to the STEP token. The token buybacks have resulted in positive price movements more often than not.

    I also noticed that weeks with Buyback Volume > Average Buyback Amount result in higer positive change in STEP price

    How does this work?

    The Step Fee Wallet garners revenue from different Step owned brands/projects. Now, this revenue is sent to the fee wallet and then used to buy STEP back from the market. This STEP is then sent to the STEP staking contract and distributed to stakers as real yield!

    How to Stake STEP
    And Earn Yield

    • You need a Solana Wallet (Phantom recommended)

    • You also need a minimum of 0.1 SOL to cover transaction fees

    • Navigate to the step dashboard and click on the staking tab (https://app.step.finance/en/stake)

    • Input the amount of STEP, hit the Stake button and sign the transaction.

    • You should now see xSTEP in your wallet

    Why Buybacks?
    How do I benefit from them?
    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.