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Burn & Buyback

Explains proposed fee-funded burn and buyback mechanisms that purchase $GET for permanent removal or treasury-held potential staking yield.

Burn and buyback are separate proposed mechanisms. Both would use routed fees to purchase $GET, but the purchased tokens have different destinations.

WARNING

Burn and buyback are separate proposed mechanisms, not active systems.

Comparison

Burn

The proposed design allocates 10% of each routed fee to burn activity.

• The protocol uses the allocation to purchase $GET.
• It sends the purchased $GET to 0xdead.
• The tokens are permanently removed from circulation.

This creates a proposed permanent burn path linked to fee activity. It does not guarantee deflation, scarcity, or token appreciation.

Buyback

The proposed design allocates 10% of each routed fee to buyback activity.

• The protocol uses the allocation to purchase $GET.
• It retains the purchased $GET in the protocol treasury.
• The treasury balance is intended as a potential source for staking yield.

The proposed design does not define a staking-yield formula or guarantee yield.

Fee allocation specification

The proposed default fee split is:

DANGER

The current model accounts for 90% of routed fees. The remaining 10% requires definition before implementation and is not assigned to burn, buyback, or another destination.