Symbiosis Finance, a multi-chain liquidity protocol that unifies the liquidity of several blockchain networks, today announced a new token buyback initiative following the completion of its recent program early this week, on Monday, March 30. Early last month, the DeFi platform announced a buyback program, a bold move aimed at restoring momentum and confidence in its crypto market and its native token, Symbiosis (SIS). Crypto platforms often use the buyback program to reduce the circulating supply of tokens, increase scarcity and increase investor confidence.
Symbiosis Finance is a DeFi cross-chain non-custodial liquidity platform that enables token swaps between different blockchain networks. Through this approach, the protocol solves the DeFi liquidity fragmentation problem by connecting multiple chains into a unified hub, allowing users to seamlessly move assets without managing different wallets or bridges.
Another $SIS buyback was made that was funded directly from protocol revenue, separate from our monthly PoS distributions.
When the protocol yields more, $SIS benefits first! pic.twitter.com/GOxWdc9Efb
— Symbiosis (@symbiosis_fi) April 1, 2026
Symbiose resumes the buyback program
Based on a post recently shared on social media platform X, Symbiosis has been conducting a major buyback program since early last month. The protocol allocated an undisclosed percentage of the rewards from the PoS consensus mechanism to redeem SIS tokens between March 1 and March 30, 2026. Symbiosis’ proof-of-stake (PoS) mechanism allows users to stake tokens to ensure robust security in the network and earn rewards as a result. Based on a recently adopted board proposal, Symbiosis allocated a percentage of PoS rewards to the repurchase of SIS tokens last month.
Today in its new The protocol announced another approved proposal to redirect a significant percentage of its protocol revenue into monthly token repurchases, with the aim of aligning its Symbiosis token with the chain’s growth trajectory.
And what is the result? Price analysis
Symbiosis joins a growing number of crypto platforms that use protocol revenue to improve the value of their tokens. This includes Hyperliquid and Pump.Fun, which implemented their buyback programs in September and October last year respectively.
The result of Symbiosis’ recent buyback program is currently visible in the token movement. Today, SIS is trading at $0.04956, after a remarkable 28.5% rise in the past 24 hours, making it one of the biggest crypto gainers today, according to CoinMarketCap data. Moreover, the price has increased by 99.1% and 62.0% respectively over the past week and month, according to data from CoinGecko.