Token
Buyback auction
A continuous Dutch auction that turns fees into BERRIER and never prices below the floor.
Summary
85% of fees fund a USDG pot. The auction offers that USDG for BERRIER at a price that decays over time until a seller takes it.
Price
Worked example
Start 0.60, decaying 1% an hour. After 10 hours the price is 0.543; a seller delivers BERRIER and takes USDG.
Properties
- Never below the floor.
- No keeper needed.
- Bought BERRIER streams to sBERRIER.
Governance surface
Decay rate and restart premium are governed.
Failure modes
If nobody sells, USDG accumulates and the next round starts larger.