Interpreted Prediction
Predicted that Synthetix would soon have more bullish news due to an upcoming buyback and burn mechanism.
AI Evaluation Notes
The prediction stated that Synthetix would have bullish news due to an upcoming buyback and burn mechanism soon after the Andromeda upgrade deployment on Base. The Andromeda release, which included the deployment of Synthetix V3 Core and Perps V3 on Base, occurred around January 2024, and a key new mechanism, the buyback and burn of SNX tokens using fees from Perps on Base, was introduced at that time. Furthermore, the buyback and burn program actively burned over 9,500 SNX tokens since March 8, 2024, confirming its implementation and operation by the target date. This constitutes the predicted bullish news.
Prediction Details
Ticker
Target
Introduction of a buyback and burn mechanism, leading to bullish news
Predicted
date
Soon (after Andromeda upgrade deployment on Base)