According to Odaily Planet Daily, Fluid's Chief Operating Officer DMH initiated a proposal to repurchase FLUID in the governance forum. The proposal proposed three repurchase models:

1. Model 1: Dynamic Repurchase Based on FDV. In this model, the percentage of revenue allocated to repurchases depends on FLUID's FDV. If FDV is less than $500 million, 100% of revenue is allocated to repurchases. As FDV increases, the allocation to repurchases decreases according to a specific function curve.

2. Model 2 is a buyback based on the 30-day time-weighted average price (TWAP). If the current price is below the 30-day TWAP, 100% of the proceeds will be used for buybacks; if the current price is above the 30-day TWAP, no buyback will be conducted.

3. Model 3 is a hybrid mechanism. In a bull market, the protocol minimizes buybacks and retains revenue. In a bear market, the function curve of Model 1 is applied to adjust the buyback scale based on the FDV, ensuring more aggressive buybacks when the token is severely undervalued.

4. The proposal also supports discussing the option of not repurchasing, which would allow more revenue to be retained for growth and reinvestment.