Solana founder Toly responded to Jupiter co-founder's question on the X platform regarding "whether to continue token buybacks or provide growth incentives for existing users," stating: "Capital formation itself is extremely difficult; traditional finance typically requires over 10 years to truly accumulate capital. Compared to buybacks, I believe a more reasonable path is to replicate this long-term capital structure. In the crypto industry, the closest mechanism to this is staking. Participants willing to hold long-term will dilute those unwilling to hold long-term through the mechanism. Protocols can convert profits into protocol assets that can be claimed in tokens in the future, allowing users to lock up and stake for a year to earn token rewards. As the protocol's balance sheet continues to expand, those who choose to stake long-term will gain a larger share of actual equity. This equity is itself linked to the protocol's future profits and grows with future returns."