# Buyback & Burn

Buyback and Burn The Buyback & Burn (B\&B) program is based on the [Stability Fees](/925/how-the-system-works/borrowing.md#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](https://etherscan.io/tx/0x4e9dd0e7ed291ffd87c2205383217fc376307f372f2dbed49f0fc11ca94c3cd1) |

### 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


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