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Buyback & Burn Policy
Belt.fi has automatic buyback BELT token burns at a rate of 50% of trading fees. 8% of yield is used to buyback BELT and burned.
$BELT buyback & burning is an automated system based off of yield from beltStrategy contracts ("earn") and trading fees ("swap volume") from Belt Finance's stableswap AMM.
From the earned yield, 12% is used for BELT buyback.
- 8% for burn.
- 4% for BELT Single Staking Pool.
This is calculated as:
- earn * 0.12 = belt buyback amount
This is done for each earn() transaction for each beltStrategy contract. This happens every 12
hours.
You can see an example transaction here: https://bscscan.com/tx/0x3ea5e983750b83890b052eafa886fe35b8de0e6f2ead1d4191e192c103d3551c
50% of trading fees from swap volume are used to buyback and burn BELT.
This is calculated as:
- swap volume transaction fee * 0.5 = BELT buyback amount
The buyback() is executed one time a day from the accumulated amount in the swap contract:
You can see an example transaction here: https://bscscan.com/tx/0x97bc4aafd17802e589d64d1dc395019b631f9ac0097eacf022366e01bf6d3d71
Last modified 8mo ago