Buy back. Burn.
Every hour, 97% of phi's realised profit against traders buys $PHI on the open market and burns it. Every step below is an on-chain transaction.
$PHI burned by phi
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SOL spent buying $PHI
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Realised profit vs traders
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losing stakes in, less winnings paid out
$PHI supply
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read from the mint, live
How it works: the vault's realised profit against traders is two counters in the program itself (every losing stake taken in, every winning paid out). Each hour, 97% of whatever that profit has grown by is withdrawn from the vault's free capital, never a trader's stake or a reserved win, to the buyback wallet —, swapped for $PHI through its PumpSwap pool, and burned, lowering $PHI's total supply. The other 3%, and every creator fee, open fee and funding payment, stay in the vault.
Every step
—| When | Step | SOL | $PHI | Transaction |
|---|---|---|---|---|
| — | ||||