$OBOL
Buyback & burn.
How half of Obol's protocol fees and 20% of the $OBOL creator fees buy $OBOL on the market and burn it, and how to verify it on-chain.
$OBOL is Obol's token. Half of Obol's protocol fees and part of the $OBOL creator fees are used to buy $OBOL on the open market and burn it, so the supply only goes down.
Trading
swaps through Obol ladders · $OBOL on Pons
ObolBuybackBurner
splits fees · no owner, no withdraw
$OBOL
bought on the open market
Burned for good
total supply goes down
More volume → more fees → more $OBOL bought and burned
Where the money comes from
| Source | Amount | Paid in |
|---|---|---|
| Obol protocol fee | 50% of the 3% fee taken on every ladder's LP fees, on claim and on close (details) | The pool's two tokens |
| $OBOL creator fees | 20% of the creator fees Obol earns on every $OBOL trade on Pons | ETH |
Half of the protocol fee and 20% of the creator fees go to the buyback; the rest funds the Obol treasury. Nothing is taken from deposits: the buyback grows with real trading volume, on Obol and on $OBOL itself.
How much gets burned
Pick a market cap and a daily volume: the table shows how much $OBOL the buyback would burn. Your volume is highlighted among the reference levels.
1 $OBOL ≈ $0.00100 · supply 1.00B
| Daily volume | Creator fees / day | Buyback / day | Burned / day | Burned / month | Supply / year |
|---|---|---|---|---|---|
| $50K | $1.2K | $233 | 225.2K | 6.76M | 8.22% |
| $250K | $5.8K | $1.2K | 1.13M | 33.79M | 41% |
| $500Kyours | $12K | $2.3K | 2.25M | 67.57M | 82% |
| $1.0M | $23K | $4.7K | 4.50M | 135.14M | > 100% |
| $5.0M | $117K | $23K | 22.52M | 675.72M | > 100% |
| $20M | $466K | $93K | 90.10M | > supply | > 100% |
Estimate at a constant price (in practice, buying that much would push the price up and burn fewer tokens): creator fees are 2.33% of volume, 20% of them buy back, and each buyback pays 3.33% in Pons fees. Real burns depend on the price at each buy, price impact and when Pons pays the fees out. Not a forecast.
How a buyback works
Buybacks are run by a small public contract, ObolBuybackBurner. It receives the fees, keeps the buyback share, and can only do one thing with it: buy $OBOL and burn it.
Fees arrive
20% of the $OBOL creator fees and half of Obol's 3% protocol fee are sent to the burner. Any ETH sent to it by a wallet goes 100% to the buyback.Split
The contract splits each payment by where it comes from and pays the treasury its share. The split is written in the code and can't be changed.Buy
The Obol team runsexecute()in batches (the function is public, so anyone can check or call it). It buys $OBOL with the buyback share on the $OBOL Uniswap V4 pool, like any trader would.Burn
Everything it bought is burned in the same transaction:totalSupply()goes down for good, and aBurnedevent records the ETH spent and the $OBOL destroyed.
The split, in code
| Money received from | Buyback & burn | Obol treasury |
|---|---|---|
| Pons fee escrow ($OBOL creator fees) | 20% | 80% |
| Anyone else, including the protocol treasury's half of the 3% fee | 100% | 0% |
Obol's protocol fees arrive in the pools' tokens (ETH, USDG, NVDA…), so the protocol treasury converts half of them and sends the ETH to the burner, where it is 100% buyback. The contract can also split fees sent to it directly by the ladder contracts (50/50), if they are ever pointed at it.
Safeguards
- No owner, no withdraw. Nobody can take the buyback share out of the contract, and $OBOL can only leave it by being burned.
- Small batches. Each run spends at most 0.02 ETH; the team runs as many as needed. Whatever doesn't fit waits for the next run.
- Price-impact cap. A buy stops before it moves the $OBOL price more than a fixed percentage, so the buyback can't be used to push the price around.
- Every limit is public.
maxEthPerRun,minIntervalandmaxImpactBpsare fixed at deployment and readable on the contract.
Timeline
- Before graduation, $OBOL traded on the Pons bonding curve. 20% of the creator fees earned then go to the burner from the creator wallet, in batches.
- Since graduation, the burner is live on the $OBOL Uniswap V4 pool. The first buyback burned 860,918 $OBOL for 0.02 ETH (transaction).
- Pons pays on its own schedule. After graduation, Pons moves the creator fees to its escrow periodically, so creator-fee buybacks come in batches.
Protocol fees so far
Fees claimed by LPs
—
Net of the protocol fee, priced at the payout block
Protocol fees
—
3% of LP fees, sent to the treasury
Loading live stats…
Verify it yourself
- Burns
Burnedevents on the buyback contract, andtotalBurned()- Supply
totalSupply()on the $OBOL contract, down after every burn
Launch facts
- Fair launch on Pons. $OBOL starts on a Pons bonding curve, then moves to a Uniswap V4 pool whose liquidity Pons locks for good. Nobody, including the team, can pull it.
- No team allocation. The team gets no reserved tokens. Anyone who holds $OBOL bought it on the market.
- Plain ERC-20. No transfer tax, no blacklist, no owner. The only extra function is
burn.
What $OBOL is not
