Solana-based re-staking protocol Fragmetric has launched a proposal (FIP-1) that could significantly impact the FRAG token economy. If approved, this proposal would allocate 4% of total profits for repurchase of FRAG tokens. Based on current earnings estimates, this would translate to approximately $252,000 per year. This buyback program aims to purchase around 9.71 million FRAG tokens during the initial year, representing about 5% of the circulating supply. The buyback process is set to commence two weeks after the proposal’s approval, with weekly executions via TWAP (Time Weighted Average Price) orders on the open market. The entire program will be highly transparent, meticulously monitored through a dedicated Dune dashboard. Initially, repurchased tokens will be stored in the foundation’s treasury, with future plans for a potential burn proposal contingent upon market conditions. The voting period is scheduled to conclude within the next three days.