Protocol burn
Protocol burn
Every trade pays a 1% fee: 0.6% to the creator, 0.2% to KOLs, 0.16% to the burn and 0.04% to the treasury. The burn share does not sit in anyone's wallet: it collects in one burn contract.
Collected in the launch's own asset
The share is kept in the asset the launch is priced in. An ETH launch pays its protocol share in ETH, an NVDA launch pays it in NVDA, an AAPL launch in AAPL. Nothing is converted at the moment of the trade.
Buy and burn
- One keeper address runs the buy and burn. It is not tied to factory ownership, so it keeps working after ownership is renounced.
- The keeper chooses the timing, the size (everything that is waiting, or a tranche of it) and the slippage limit of each burn. There is no fixed schedule.
- Each asset buys $LOOP through its own direct pool against $LOOP. Nothing is routed through ETH. If an asset has no pool yet, its balance simply waits.
- The keeper can only swap the waiting balance for $LOOP through that pool and burn what it receives.
- One exception: a stock or other asset that has no $LOOP pool can be released to the treasury's fee escrow instead of waiting forever. ETH and $LOOP itself can never be released, and nothing can be sent to any other address.
- What is bought goes to the burn address, so those tokens are gone from the supply for good.
- It collects from every launch, before and after graduation.
The Analytics page shows what is waiting in each asset and what has been burned. The keeper's timing and slippage are a trust point: a careless or malicious keeper could waste part of the waiting balance to slippage, but could not take it. The burn is funded from fees, not from your trade, and it does not guarantee a higher price.