Solana 联合创始人 @toly 发文表示，协议方应当将现金留存，用于未来回购。他认为，这将迫使后续所有解锁筹码在交易时锚定“回购后”的预期价格，从而影响解锁阶段的市场定价机制。

<div>Solana 联合创始人 @toly 发文表示，协议方应当将现金留存，用于未来回购。他认为，这将迫使后续所有解锁筹码在交易时锚定“回购后”的预期价格，从而影响解锁阶段的市场定价机制。<br><br></div>

Solana 联合创始人：协议应保留现金用于未来回购，以锚定解锁预期定价

Solana co-founder @toly stated that the parties involved in the agreement should retain cash for future buybacks. He believes this will force all subsequently unlocked tokens to be pegged to the expected price "after the buyback" during trading, thereby affecting the market pricing mechanism during the unlocking phase.

<div>Solana co-founder @toly stated that the parties involved in the agreement should retain cash for future buybacks. He believes this will force all subsequently unlocked tokens to be pegged to the expected price &quot;after the buyback&quot; during trading, thereby affecting the market pricing mechanism during the unlocking phase.<br><br></div>

Solana co-founder: The agreement should retain cash for future buybacks to anchor the expected unlocking price.

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Author | a16z crypto
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
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