Programmatic burn
The governance-approved, automated buy-back and burn funded by 20% of the protocol fee. It buys SODA on the open market and permanently removes it from supply: volume-driven, code-enforced, with no manual timing and no discretion.
What it refers to
The programmatic burn is the governance-approved, automated mechanism funded by 20% of the fees the system collects. It buys SODA on the open market at market price and permanently removes it from supply. There is no manual timing and no discretion: the burn is volume-driven and code-enforced.
How it relates to supply
SODA supply is fixed at its 1.5 billion cap and minted in full, so nothing further can be created and the programmatic burn only ever reduces it. Because the burn is funded by fees, the amount removed from supply follows the activity of the system.