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.
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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.
Last updated
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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).
1
4,797.37
2,428.55
11,792.74
112,561
Here are the following updates made to our B&B program:
If the fees accumulated exceed $10,000, the B&B will occur monthly at the start of the calendar month
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.
WNEAR: 0xC42C30aC6Cc15faC9bD938618BcaA1a1FaE8501d
aUSDO: 0x293074789b247cab05357b08052468B5d7A23c5a
WONE: 0xcf664087a5bb0237a0bad6742852ec6c8d69a27a
ONEUSD: 0xc1873199284B4490A4AACbE7CD6710Dc6aA95e08