Buyback

GASSSS routes protocol value back into the governance token via a Treasury controlled buyback. When feeOn is enabled on the Factory, protocol fees accrue as LP tokens to the Treasury. The Treasury can burn those LP tokens, receive the underlying assets, and swap a default half of the value into STABLE.

How it works

  • Fee capture: Factory feeOn mints protocol LP fees to feeTo, configured as GassssTreasury.

  • Realization: Treasury burns LP and receives the underlying assets.

  • Rebalance and buyback: Treasury swaps assets into STABLE and USDT0 using GassssRouter.

Default policy

  • stableShareBps defaults to 5000, meaning half of the rebalanced value is routed into STABLE.

Sustainable STABLE Flywheel

This STABLE acquisition is the buyback mechanism and is intended to create a reinforcing cycle:

  • more swap usage

  • more protocol fees

  • more STABLE buyback

  • stronger governance token alignment and ecosystem participation

Mainnet references

  • Treasury: 0x969b887e7259a263DC00dCAe91468Ce69FE1BE53

  • Router: 0x74FcEb3e5acAe9868A265C75e033630cEC165cD0

  • Factory: 0x603EfDF29606BfB90f8f1068828c79cB2d5eD056

Operational note

Buyback is executed by governance or an authorized operator calling Treasury functions. The protocol is designed so the buyback logic is enforceable on chain, while execution cadence remains a governance decision; it is currently triggered by the owner.

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