Buybacks and burns
Buybacks and burns
A quarter of every day's creator rewards buys $ORACLE on the open market and burns it, for good.
Yield OracleThe buyback takes $ORACLE off the market with real fees, and the burn takes it out of existence.
The budget
At the close of each round, 25% of the creator rewards collected in it goes to the buyback budget.
The buyback
The rewards wallet spends the budget buying $ORACLE where it trades: on the pump.fun bonding curve before graduation, on PumpSwap after. The site reads each buy from the chain and records the SOL spent and the $ORACLE received.
The burn
The $ORACLE bought is then burned with the token program's burn instruction. Burned tokens no longer exist: the supply of $ORACLE, which started at 1,000,000,000, goes down by exactly that amount, and anyone can check it on chain.
The log
Every buyback and every burn is on the Burns page with its transaction, newest first.
Why burn
Burning shrinks the supply, so each remaining $ORACLE is a larger share of the whole. It also ties $ORACLE to how much the protocol is used: more trading, more rewards, more burned.