{"slug":"buyback-audit","title":"DeFi token buyback tracker, live executed vs promised ratio","subtitle":"Executed USD over promised USD for live on-chain buyback programs, computed against destination-wallet inflows over rolling 7-day and 30-day windows.","category":"Trading","metric":"Execution ratio","unit":"pct","status":"live","higherIsBetter":true,"filters":null,"value":186.249,"leader":{"name":"Hyperliquid","slug":"hyperliquid","value":186.249},"leaders":[{"name":"Hyperliquid","slug":"hyperliquid","value":186.249}],"rankings":[{"name":"Hyperliquid","slug":"hyperliquid","ms":{"p50":186.249,"p90":186.249,"p99":186.249,"mean":186.249},"successRate":100,"sampleSize":26450800},{"name":"Sky (Maker)","slug":"sky","ms":{"p50":0,"p90":0,"p99":0,"mean":0},"successRate":100,"sampleSize":0}],"sparkline":[1.12838,1.13384,1.14167,1.14422,1.15296,1.14656,1.14314,1.13905,1.17657,1.16933,1.16099,1.15146,1.14856,1.14045,1.09562,1.11591,1.10842,1.11345,1.18231,1.18097,1.17896,1.16696,1.14759,1.16334,1.12998,1.12478,1.12551,1.11995,1.46375,1.26365,1.28393,1.29982,1.28878,1.2705,1.27302,1.27246,1.30234,1.30007,1.57747,1.19593,1.1962,1.19642,1.19124,1.18776,1.18606,1.18572,1.18716,1.1827,1.17722,1.23537,1.26078,1.31782,1.36995,1.42407,1.54146,1.62891,1.66015,1.66911,1.82382,2.01982,2.24828,2.27468,1.70337,1.86133,1.89659,1.89166,1.87684,1.86256,1.86602,0,1.85929,1.85665,1.86249],"sampleSize":26450800,"asOf":"2026-10-06T08:30:27.476Z","freshness":{"asOf":"2026-10-06T08:30:27.476Z","ageHours":0.1,"stale":false},"measured":2,"ranked":2,"headline":"Hyperliquid leads execution ratio at 186.2% (7d avg) across 2 ranked protocols.","quote":"Hyperliquid leads execution ratio at 186.2% (7d avg) across 2 ranked protocols. Source: OpenChainBench (https://openchainbench.com/benchmarks/buyback-audit).","cite":{"plain":"OpenChainBench. \"DeFi token buyback tracker, live executed vs promised ratio\". Retrieved 2026-10-06. https://openchainbench.com/benchmarks/buyback-audit","bibtex":"@misc{ocb_buyback_audit,\n  author = {OpenChainBench},\n  title  = {DeFi token buyback tracker, live executed vs promised ratio},\n  year   = {2026},\n  url    = {https://openchainbench.com/benchmarks/buyback-audit},\n  note   = {Retrieved 2026-10-06}\n}","apa":"OpenChainBench. (2026). DeFi token buyback tracker, live executed vs promised ratio. Retrieved October 6, 2026, from https://openchainbench.com/benchmarks/buyback-audit","ris":"TY  - GEN\r\nAU  - OpenChainBench\r\nTI  - DeFi token buyback tracker, live executed vs promised ratio\r\nPY  - 2026\r\nUR  - https://openchainbench.com/benchmarks/buyback-audit\r\nY2  - 2026-10-06\r\nER  - \r\n"},"pageUrl":"https://openchainbench.com/benchmarks/buyback-audit","ogImage":"https://openchainbench.com/api/og/buyback-audit","source":"https://github.com/ChainBench/OpenChainBench/tree/main/harnesses/buyback-audit","methodology":["Promised USD, DeFiLlama `summary/fees/<protocol>` endpoint, summed over the rolling window, multiplied by the protocol's documented buyback share. Hyperliquid: `hyperliquid` slug, share 0.97 (HyperCore fees → Assistance Fund). Sky: `makerdao` slug, share 1.00 (Maker / Sky protocol surplus → SBE).","Executed USD, Hyperliquid, HYPE buys credited to the Assistance Fund multisig `0xfefefefefefefefefefefefefefefefefefefefe` on HyperCore, retrieved from the Hyperliquid `info` API user fills endpoint. Quantity is converted to USD using the on-chain oracle price returned by `metaAndAssetCtxs` because that is the price the AF actually pays at execution, not a CEX index.","Executed USD, Sky, SKY ERC-20 inflows into the SBE receiver `0xBE8E3e3618f7474F8cB1d074A26afFef007E98FB` on Ethereum mainnet, paginated through Etherscan v2 (`chainid=1`, single API key for the whole multichain unified endpoint). Quantity is decoded with the SKY contract's 18 decimals and priced at the CoinGecko `sky` spot at scrape time.","Windows, rolling 7d and 30d. The harness recomputes the full window's sums each scrape rather than maintaining a delta, so historical revisions of DeFiLlama's fees series propagate automatically and no state leaks across restarts.","Cadence, 5 minutes per protocol. The numbers are gauges, not counters; sub-5-minute resolution is meaningless because both promised and executed sides are bounded by minutes-to-hours-grain upstream data (DeFiLlama daily aggregation, on-chain block time).","Excluded, GMX. V2 does not run a single on-market buyback wallet whose inflows we can audit. Fees flow to GLP / GM pool LPs in ETH and stables and to GMX stakers via esGMX reward distributors. The original treasury `0x68863dDE…dea6A` has been dormant since 2022-08 (verified via Etherscan v2), so there is no executor address that would let an audit of this shape resolve. v2 of this bench will add Jupiter Litterbox Trust (50% fees → JUP buyback on Solana) and Aave AFC as cleaner replacements.","Pricing, CoinGecko free tier (`hyperliquid`, `sky`) for the executed-side USD valuation. For Hyperliquid the on-chain oracle from `metaAndAssetCtxs` is preferred when available because that is the AF's actual fill reference, not a delayed third-party median. Aggregator drift between CoinGecko and the on-chain oracle is typically < 50 bps and is dwarfed by the ratio's own measurement scale.","Honesty boundary, the ratio measures execution against a documented promise. It does not measure whether the promise itself is generous or stingy, whether the bought-back token is held vs burned vs redistributed, or whether the buy was timed adversarially. Those are separate benchmarks that this one explicitly does not try to answer."],"license":"CC-BY-4.0"}