What is the buyback policy?
The policy is simple. Half of every realized profit is set aside. That share buys back the token. A loss does not take from the reserve.
The share is TREASURY_BUYBACK_SHARE. Its default is 0.5. The API field is shareOfProfit.
accrual = max(0, realized profit) × 0.5Each accrual is written to a ledger. It is tied to its trade. The cash stays in the treasury until a buyback runs.
| Field | Meaning |
|---|---|
shareOfProfit | Share of profit set aside, 0 to 1 |
reserveUsd | Set aside, not yet spent |
executedUsd | Spent on buybacks so far |
events | Number of ledger rows |
Sample
Section titled “Sample”A sell books +$100. The accrual is $50. The reserve grows by $50. A later sell books -$40. The reserve does not change.