⚖️ Arca: Compound Reboots With $52M War Chest as Lido's New Buyback and Ether.fi's Trading Push Drive Token Rally
Arca's weekly token-price roundup flags four notable movers as DeFi protocols race to look more like fintechs.
• ETHFI +30% — Ether.fi added trading, borrowing and tokenized-stock access; a planned buyback assumes ~$16M annualized revenue, putting the neobank token at a 25x P/S.
• LDO +10% — Lido launched a programmatic buyback triggered above $40M annualized revenue — it's currently at $37.7M, so no buybacks yet.
• COMP +9.8% — Compound named a new leadership team (ex-Coinbase Custody, Maple, HSBC) and a $52M budget to pivot toward RWAs, after TVL fell from $12B to $1.3B.
• Ansem launched the Z500 memecoin index on Pump.fun (+13%).
💡 Why it matters: Legacy DeFi protocols are converging on the same playbook — revenue-funded buybacks and a pivot toward institutional/RWA business — as they fight to keep pace with faster-growing rivals like Aave and Maple.
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