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.

Yield Buyback

From the earned yield, 8% is used for BELT buyback and burn.

This is calculated as:

  • earn * 0.08 = belt buyback amount

This is done for each earn() transaction for each beltStrategy contract. This happens every 6 hours.

You can see an example transaction here: https://bscscan.com/tx/0x6e8389aef0451c2c3907930f591ab6c586debb5e4a46f17ac7dd9a457384b8d3

Trading fee Buyback

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:

  • https://bscscan.com/address/0x11F95475DAa6C8A87E80fcda8Fc6E2401db3477B#code

You can see an example transaction here: https://bscscan.com/tx/0x97bc4aafd17802e589d64d1dc395019b631f9ac0097eacf022366e01bf6d3d71