$FONT
will be bought back with vault fees
The plan ties $FONT to fee volume. Once managed vaults open, a fixed share of the fees they earn will buy $FONT on the open market and burn it. Founts you open yourself today are not part of the split.
Onchain, Robinhood Chain: supply ..., burned .... Verify on Blockscout
Where every claimed fee goes
- 70%
- Depositors
- Stays in the vault and compounds for share holders.
- 10%
- Operations
- Keepers, oracle costs, reviews and development.
- 20%
- $FONT buyback
- Held in USDG, then spent on $FONT that gets burned.
What the split never touches
- No deposit fee and no withdrawal fee.
- No management fee on your balance.
- Founts you open yourself today pay Fountly nothing. All their fees go to you.
The launch plan
Fees fund the buyback
Managed vaults send 20% of the swap fees they claim to a buyback reserve. The reserve holds USDG until an audited executor spends it.
Bought $FONT is burned
The executor buys $FONT from the open pool and sends it to the burn address in the same transaction. Anyone can check the burn on Blockscout.
Launch reserve vests
Tokens bought for the protocol at launch sit in a vesting contract, so no large holder can dump on the first day.
One contract
$FONT lives at 0xFCf184973458Cd7755408f0f8DA091e83F65142e on Robinhood Chain. Any other token using the name is not ours.