Buyback News Buyer

Thesis

Buy protocol tokens when new buyback programs are announced, aiming to benefit as the protocol's purchases increase demand.

Strategy

• New buyback news: Buys the announcing protocol's token when news reports a new buyback program, using Circuit's protocol catalog to identify it. • Purchase size: Spends 10% of remaining Base USDC per announcement by default, with an adjustable percentage and one purchase per news alert. • Holding period: Holds purchased tokens without automatic selling, profit targets, or stop losses.

Exposure

• Holds: Protocol tokens — Tokens on supported Ethereum-compatible chains, plus unspent Base USDC. • Venue: Onchain swaps — Decentralized exchanges on supported Ethereum-compatible chains; tokens stay in your wallet, with cross-chain swaps when needed. • Leverage: None — Spot token purchases without borrowing. • Costs: Swap and network fees — Swap fees, network gas, and bridge fees for cross-chain purchases. • Data: Circuit — News alerts and the protocol-token catalog; no outside data services. • On unwind: Tokens and USDC — Purchased protocol tokens and unspent USDC remain in your wallet; stopping does not sell them.