WOOFi shifts to pure $WOO buyback, sunsets WOO Stake

WOOFi announced a tokenomics overhaul: it is introducing a pure $WOO buyback model and sunsetting WOO Stake. The team said staking has proven ineffective at creating demand, and the new approach aims to remove $WOO from the market, citing the success of bluechip DeFi protocols' buyback designs.

• The change replaces staking-based demand with direct market buybacks of the token.
• No further details on the buyback schedule, funding source, or stake migration/exit terms were given in the announcement.