Thanks for putting this proposal together.
Blast has always been a chain where the value proposition of being on the chain is dependent on the price, because the incentives are driven by $BLAST token price.
I think this proposal puts us in the right direction, and using the native yield could be a powerful driver in boosting incentives while still preserving liquid value of native yield returned to asset holders (USDB + WETH).
Very reminiscent of the Fenix Finance proposal (BLIP - Expanding The Native Yield Infrastructure) but I think simplifies some of the aspects of their proposal (minus rotating underlying reserves backing USDB) which I think makes adoption/execution a lot easier for Blast team to manage implementation with minimal changes.
I support this proposal, hope it goes through.
Edit:
Just wanted to echo Thruster’s sentiment here, I think its important that we clarify implementation of how the buyback execution is done, esp. in regards to minimizing slippage/prevent frontrunning on the buybacks.