Resume Steady Buybacks below backing

As an investment DAO we are always looking for new investments, if we knew for a fact a company or token was valued at say, 700M (Our treasury value), but it was offered to us for 450M (our market value)... it would be a great investment. That is exactly the opportunity that we have by doing buybacks again!

Last time, from what I saw we were doing large buybacks all at once, but I believe that is completely wrong. It wastes money on slippage and incentivizes selling for a quick buck. Instead, we should be steadily purchasing, in $10,000-$50,000 increments of Wmemo and BURNING it with the treasury funds. This may seem counterintuitive, however, this is the superior way to handle the redistribution question for a couple reasons.

1. It allows the market to set a penalty to exit the treasury early, and the entire penalty is distributed to the people who remain in the pool. A quick example to illustrate that point:

10 people hold 1 wmemo each which represent 1 cookie, but the market currently values the cookies at half a cookie, and the cookie treasury holds 10 cookies. If the cookie treasury decides to buy back a cookie from one of the holders, there will be 9 holders left, but 9.5 cookies left, now everyone has access to 1.055 cookies.

2. The slow purchase will mean if you want to capture the benefits you will have to hold longer, as opposed to large purchase where you can exit and capture that benefit immediately.

3. It benefits the treasury and the holders in the longterm for the price to stay below backing if we do slow buybacks, take the example I gave above, if we keep running that until only a couple of people are remaining, they have an enormous share of the cookie pie all of a sudden. The frogs who remain the longest should be the ones who get to eat all the cookies at the end.

I believe we should not do buybacks once we are above 90% backing, as the reward is smaller for the treasury and it can always purchase at a lower price. The exact amounts of buybacks per day should be considered by the treasury manager, but it should not be too large, or too small, as the goal is to do a steady purchase plan, reasonably our treasury could support multiple millions of dollars in purchasing per day until we are at the target price and we can resume investments.

Some other Misc reasons to resume buybacks:

1. It is one of the safest way to deploy treasury funds, after all, every time the treasury buys and burns it's making us all a profit at the eventual redemption price.

2. Buybacks and trading in general creates fees for the protocol