Token: fee split and burn
$V4S is burned by every copy and bonded by every trader who wants to rank.
1,000 USDG
copy input
1.50 USDG
copy fee, 15 bps
0.50 or 1.50
USDG buys $V4S, sent to 0x…dEaD
Figures
| Copy fee | 15 bps of the copy's input, on top of the pool fee |
| Followers up | 10 bps to the trader, 5 bps buys and burns $V4S |
| Followers down or new | 15 bps buys and burns $V4S |
| Bond slash | 10% after a losing week, 7-day unbond |
| Weekly ETH | 100% of creator fees, top 10, 30/20/12/10/8/6/5/4/3/2% |
How the burn runs
The burn share collects in a reserve on the hook and the router. Every hour, once the reserve passes 1 USDG, the keeper flushes it, buys $V4S on its Pons pool and sends it to 0x000000000000000000000000000000000000dEaD. The burn grows with copy volume and with bad traders, since a trader whose followers are down sends the whole fee to the burn.
What a holder gets
Bonding $V4S puts you on the leaderboard, and a week where your followers win pays you a share of the creator fees in ETH. Every copy on the network also buys some $V4S and burns it.