Buyback & Burn

The Buyback & Burn (B&B) is the process in which the OINDAO gives back to the community by using the Stability Fee and Borrowing Fee to buy the OIN token on the market.

Buyback and Burn The Buyback & Burn (B&B) program is based on the Stability Fees and the Borrowing Fee, which is a one-time charge when the stablecoins are minted. These are gathered in full and used to repurchase the OIN token on the market. This is designed as a way to give back to our community for using the OINDAO.

The fees are collected until they reach a combined total of $10,000 across all stablecoins (see revised schedule below for details). After several bridges and conversions, they are ultimately used to purchase the OIN token (currently using the Uniswap V2).

Buyback & Burn History

B&B Round	nUSDO	aUSDO	ONEUSD	OIN Bought	TxID
1	4,797.37	2,428.55	11,792.74	112,561	0x2c29392d818ed9e5505864c0e0e52895e0cc7e85d662c124c806581566872e6f

Revised Schedule (as of May 30, 2022)

Here are the following updates made to our B&B program:

1. If the fees accumulated exceed $10,000, the B&B will occur monthly at the start of the calendar month

2. If the fees are less than $10,000, the B&B will be skipped for that month and the fees will be accumulated for the following month's B&B timing. If the next month's fees collected plus the deferred fees from this month exceed $10,000, the B&B will take place as regularly scheduled

The revised schedule of our B&B program is designed to contribute to long-term value add as well as consistent growth of the tokens.

Fee Collection Wallets

WNEAR: 0xC42C30aC6Cc15faC9bD938618BcaA1a1FaE8501d

aUSDO: 0x293074789b247cab05357b08052468B5d7A23c5a

WONE: 0xcf664087a5bb0237a0bad6742852ec6c8d69a27a

ONEUSD: 0xc1873199284B4490A4AACbE7CD6710Dc6aA95e08