Buybacks and burns

Mog allocates trading revenue to buying and burning MOG. Burns permanently remove purchased tokens from supply.

What funds buybacks?

At launch, 70% of settlement fees is allocated to buybacks. The remaining 30% funds protocol operations.

Above 2 million USDG of available treasury equity, a growing share of net treasury growth also funds buybacks. Earlier deficits must be recovered before new growth qualifies.

More equity, a larger buyback allocation

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Applies to eligible net cash growth after settled profits and prior deficits.

View the allocation curve

$$z=\max(F-F_1,0),\qquad g(F)=\frac{z^2}{z^2+G^2}$$

$F$ is available treasury equity. At launch, the threshold $F_1$ is 2 million USDG and the scale $G$ is 4 million USDG. Both settings are governable.

From revenue to burns

How buybacks work

1. 1
   FundPay the buyback wallet.
2. 2
   BuyPurchase MOG.
3. 3
   BurnRemove purchased tokens.

Trader payouts take priority. The buyback allocation is paid only when trader claims, including claims used as collateral, remain fully cash-covered. Purchases then depend on the operator and market liquidity.

MOG’s price depends on market conditions. See Token risks.