Veno Finance
  • Veno Finance
  • Introduction
  • Veno
    • Litepaper
    • Roadmap
    • Tokenomics
  • Protocol
    • Liquid CRO Staking
    • Liquid ATOM Staking
    • Liquid TIA Staking
    • Liquid ETH Staking
    • Reservoir
    • Fountain
      • Early Withdrawal
    • Veno Garden
    • CRO Liquidity Strategy
    • Staking APY
    • Dashboard
    • Fees & Rewards
    • VNO Buyback & Burn Program
    • Our Ecosystem
    • Drought Events
    • Security & Audits
    • Validator Nodes
  • User Guide
    • Liquid Staking
      • How to stake
      • How to unstake
      • How to use LCRO/LATOM on Ferro to earn rewards
      • How to claim tokens from NFT
    • Earning with Veno
      • How to earn with the Reservoir
      • How to earn with the Fountain
      • How to earn with Veno Garden
        • Ferro Garden
        • VVS Garden
        • Tectonic Garden
        • How to hire & fire helpers
    • Fountain - Early Withdrawal
      • How to withdraw early in Fountain?
      • How to claim Fountain Penalty Fees?
    • How to stake CRO to Veno on Crypto.com OnChain?
    • How to buy CRO with fiat
    • Learn with Veno
  • Additional
    • Team Wallets
    • Contract Addresses
    • Developers Resources
    • Risk Disclosure
    • Brand Guideline
    • Community
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On this page
  • How it works
  • Buyback & Burn History
  1. Protocol

VNO Buyback & Burn Program

PreviousFees & RewardsNextOur Ecosystem

Last updated 7 months ago

VNO Buyback & Burn Program is our latest initiative to enhance the value of our VNO token and strengthen our commitment to our community. We utilize a portion of the commissions earned from our yield-generating tokens to repurchase and burn VNO tokens.

With the launch of in August 2024, three new yield generating tokens zkCRO, vETH and vUSD powered by Veno are now live.

  • is backed by LCRO which returns up to 50% of the commissions earned from the staking yield back to VNO stakers via the reservoir. The reservoir allows you to lock your VNO and receive a part of CRO commissions earned.

  • and , the tokens backing the Cronos zkEVM ecosystem, offer a new revenue source for Veno as well.

We aim to achieve two things with this program:

  1. Token Value Appreciation: By reducing the circulating supply of VNO, we aim to increase its value over time and reward VNO holders and lockers.

  2. Community Appreciation: This program demonstrates our dedication to our community and our belief in the long-term potential of Veno Finance.

How it works

  1. Buyback: A portion of the commission earned from vUSD, vETH, LETH and LTIA are used to purchase VNO tokens from the open market via decentralized exchanges.

  2. Burn: All tokens purchased will be burned immediately by transferring them to the burn address, permanently reducing the maximum token supply of VNO.

  3. Frequency: We will buy back and burn VNO roughly once every quarter, taking into account market conditions, in order to maximize the value of the buyback.

  4. Circulating supply: The circulating supply figures will be adjusted to take into account the burned VNO tokens.

  5. Buyback & Burn History: For full transparency, buybacks will be executed on decentralized exchanges and shared publicly. After each burn, we will publish the amount of VNO burned together with the involved transactions here so our community can verify them.

Note that all the existing incentive programs such as Veno Garden, Veno Fountain, and the Veno Reservoir remain unchanged.

Buyback & Burn History

Coming soon…

Cronos zkEVM
zkCRO
vETH
vUSD