PROSPER Unveils Performance-Triggered Buyback Mechanism for p{VAULT}

PROSPER has introduced a performance-triggered buyback and burn mechanism for p{VAULT}, a new feature within its Performance Markets framework. The mechanism is designed to link eligible Vault performance fees with the supply of corresponding p{VAULT} tokens.

When an associated Vault strategy exceeds its high-water mark, a predefined portion of eligible performance fees is used to purchase p{VAULT} through third-party decentralized exchanges. These acquired tokens are then permanently burned.

The process is automated and triggered by smart-contract logic. PROSPER emphasizes that this mechanism is not a price-support, stabilization, or market-making program.