Solana Co-Founder: "Staking is Better for the Ecosystem Than Token Buybacks"

"I think it makes more sense to mimic the long-term capital accumulation structure of traditional finance rather than token buybacks," Solana co-founder Anatoly Yakovenko said on X. "The closest concept in the crypto industry is staking, where investors willing to hold for the long term dilute the stakes of those who aren't. You can designate the earnings as a claimable token in the future, have people lock up and stake the token for a year, and as the asset size grows, the amount of stakers' claims will increase." The co-founders of Jupiter (JUP), a Solana-based decentralized exchange (DEX), previously discussed on X whether to continue with buybacks or provide incentives to existing users.