I’d love to see a balanced approach that splits fees between buying back $HYPE and distributing to HYPE stakers. Part of the fees could be used for buybacks, helping support the token’s value and reduce circulating supply, while another portion directly rewards stakers, keeping the community deeply invested and incentivized. This synergy can strengthen the ecosystem, boost long-term growth, and maintain an active, engaged holder base.

Even though buying back $HYPE indirectly benefits stakers by supporting the token’s value, it may not offer the same immediate reward or incentive as direct distributions. In other words, relying only on buybacks means stakers see gains primarily through potential price appreciation, which can be more volatile and less predictable. Distributing a portion of fees directly to stakers provides tangible, ongoing yields and can foster a stronger sense of engagement and loyalty.

A balanced approach - using part of the fees for buybacks and part for direct distributions - can offer both immediate and long-term benefits: it rewards stakers right away while still creating upward pressure on the token’s price over time.