BERRIER

Summary

$BERRIER is an ERC-20 on Robinhood Chain. Protocol fees buy it in a Dutch auction, stakers receive what is bought, and Treasury reserves let holders redeem against a floor.

Distribution

The final distribution is published before launch together with the launch auction. Weekly emissions are set out in Emissions.

Utility

• Stake as sBERRIER to receive buybacks.
• Lock as veBERRIER to vote and steer gauges.
• Redeem at the floor for a share of reserves.

Backing

15% of fees accumulate as Treasury reserves. Reserves divided by supply is the floor.

Supply mechanics

Supply rises with emissions and bonds, and falls when holders redeem at the floor, which burns the tokens.

What BERRIER is not

• Not a claim on note escrow.
• Not a stablecoin or a promise of price.
• Not needed to buy or post a note.

Reference