Pre-launch

Protocol contracts deploy at launch. Until then, chain and price reads are live and everything else shows the launch design.

Addresses

A continuous Dutch auction. Fees buy BERRIER; the Treasury sets the floor.

Buyback

Auction price

--USDG

Auction starts at launch

Floor

--USDG

Reserves ÷ supply

Fee share

85%

Of every protocol fee

Bought to date

0BERRIER

How a lot clears

Illustrative
FLOORSTART PRICELOT OPENSTIME

Each lot of fees opens above market and decays until a buyer takes it. The price stops at the floor: it can wait there, but never sell BERRIER for less than its share of reserves.

Where it goes

Fees to auction85%
Fees to Treasury15%
Bought BERRIERStreams to sBERRIER over 7 d
Floor redemptionsMax 1.5% of reserves / day
Read the auction rules