Hello,
Although I understand that the buyback using the hacked ETH is more of a symbolic step to meet community expectations, in reality, it doesn’t make a significant difference. The average ZK token turnover is around $40 million per day, so adding another $3 million in liquidity is unlikely to push the token price to new highs—especially since the token has already returned to its pre-attack level.
There is another draft proposal on the forum regarding a security audit reimbursement of $5 million (100 million ZK):
[TPP-3] ZIP Audit Reimbursement Program (ZARP)
It will most likely pass, since audits are essential if we want ZK to be a safe environment.
It doesn’t make much sense to buy back $3 million worth of tokens now and then, within a year, sell another $5 million worth for compensation. My suggestion is to keep the recovered ETH and allocate it to the proposal mentioned above. As a result, the TA would only need to sell $2 million worth of ZK tokens instead of $5 million.
BR,
Demacia