Meridian Weekly Buyback Report - December 11, 2024
Meridian Weekly Buyback Report - December 11, 2024
🔄 MST Buybacks Just Hit Different
Meridian continues its systematic buyback program with significant progress:
- Latest Buyback: 6,338 MST tokens repurchased
- Previous Week: 4,400 MST (~$480) acquired
- Total Since Nov 20: 33,830 MST accumulated
The repurchased tokens will support:
- Long-term MST stakers
- Strategic protocol initiatives
- veAERO voter incentives
- Tekika Adventure Season 1 rewards
Revenue streams now include Taraxa project integration, with HelloTelos lending revenue to be incorporated in future buybacks.
All transactions verified on Basescan and Teloscan
The first week of buybacks is in! 🥳 Meridian Ventures acquired a total of 16,297 $MST last week 🌐🌐🌐 These #MST will be used to: - Incentivize $veAERO voters - Contribute to cover Season 1 @TekikaAdventure rewards Cheers to $MST holders 😎 🥂
This week, revenue from @taraxa_project has been integrated into our buyback strategy, contributing to the growth of Meridian's earnings. A total of 4,400 (~480$) MST has been repurchased. Revenue from @HelloTelos lending will be included in next week's buybacks. Meridian
Meridian has completed its second weekly $MST buyback, purchasing a total of 6,795 MST from the market to replenish tokens used in funding Season 1 of @TekikaAdventure. Details: 1,434 MST (Lending Fees): teloscan.io/tx/0x719837608… 5,361 MST (Aerodrome): basescan.org/tx/0x1d85ef9aa…
Taraxa Token Lists on Tapbit Exchange, Expanding US Access
The Taraxa ecosystem is expanding its reach as $TARA prepares to list on Tapbit Global exchange, providing US users with direct access to the ecosystem. This follows the recent launch of TaraPerps, a leveraged trading platform incubated by Meridian. - TaraPerps enables leveraged trading of $TARA & $ETH - Features include up to 50x leverage - Zero-slippage swaps available - Built-in referral program The platform aims to demonstrate Taraxa's transaction processing capabilities while offering advanced trading features.
Meridian Distributes Stablecoin Yield to MST Stakers
Meridian Finance has completed its weekly stablecoin yield distribution to MST token stakers. The protocol continues to strengthen MST's position as a value accrual vehicle through multiple initiatives: - Weekly transparent buybacks achieving ~5% annual deflation of max supply - Partnership deals structured to drive MST market purchases - Staking rewards program for long-term holders - Zero inflation policy with fully unlocked 10M token supply MST is now available on Taraxa network, with documentation updated at [Meridian Docs](https://docs.meridianfinance.net/the-usdmst-token/get-mst-tokens).
MST Staking on Telos Reaches 15% APR with USDM Rewards
Weekly staking rewards for MST on the Telos network are now offering APRs up to 15%, paid in USDM. The program has seen significant growth, with total locked MST increasing 56% from 351,563 to 548,700 MST ($87,900). - Rewards distributed weekly - Staking terms: 6-month or 12-month options - First airdrop for eligible wallets coming soon The Meridian Loyalty Points campaign on Telos continues to adjust mechanics to improve yields, with expectations of higher returns alongside upcoming Telos developments. Learn more: [Meridian Loyalty Staking Points](https://medium.com/@meridianFinance/meridian-loyalty-staking-points-starting-on-the-telos-network-234ee290c280)
Meridian Joins Taraxa Ecosystem, Plans Integration with StorkOracle
Meridian, a decentralized trading platform, has announced its participation in the Taraxa ecosystem. The platform aims to leverage StorkOracle's price feeds following their integration with Taraxa. - Meridian will utilize Taraxa's scalable infrastructure - Integration with StorkOracle's price feeds planned - Focus on enhancing DeFi trading experience The collaboration aims to strengthen Meridian's existing services while benefiting from Taraxa's technological capabilities.
Meridian Mint Status Update on Taraxa Network
Latest metrics from Meridian's operations on the Taraxa network show significant activity: - **Locked TARA**: 29.8 Million tokens (↑7.8M from December) - **USDM Minted**: $33,800 (↓$31,400 from December) The TARA/USDM liquidity pool continues to demonstrate protocol adoption. View current pool statistics at [TaraSwap](https://www.taraswap.info/#/pools/0x66c4c7a91f9c42259c52a415ebba9866bbb4179a).