Refill
Trading fees become money agents can draw on.
The token's creator fees are paid to a contract with no owner. It turns them into USDG and adds them to the reserve, where they stay.
The fee funnel
- Waiting at Ponscreator fees credited to the funnel
- –
- Held by the funnelsent to it directly
- –
- Lowest USDG the next refill acceptsChainlink ETH/USD minus 2%
- –
- ETH turned into reserve so far0 refills
- –
- USDG added to the reservecan never be withdrawn
- –
Pons credits the token's creator fees in ETH to the funnel's address, in batches. Anyone can call refill: the funnel claims what is waiting, sells all of its ETH for USDG in the deep WETH/USDG pool, and sends the USDG to the reserve with fund, where nobody can take it back out.
The sale only goes through if it returns at least the Chainlink ETH price minus 2%, and only while that price is fresh. A caller who pushes the pool first gets a reverted transaction, not a cheap fill.
There is no buyback and no burn: every fee goes to the money agents draw on.
Every refill and grant
No refill or grant yet.