Incinerator

The Incinerator is the component where WONDER is bought back, burned, and redistributed to the Obelisk according to ratios set in smart contracts.

Sources of Buyback Funds

Funds for the Incinerator’s WONDER buybacks are sourced from the PMR that WONDER DAO receives as a Node Council Partner. When the Trust sends the PMR, WONDER DAO’s NEITH Protocol distributes it to the Incinerator and the Treasury according to the ratios set in the smart contracts. The Incinerator uses the funds it has distributed to buyback and distribute WONDER in the DEX. The buybacked WONDER is redistributed to the Obelisk and burned according to the ratios set in the smart contracts.

In WEMIX3.0 Phase 01, PMR is 1 WEMIX per new block, 40% of which is allocated to the 40 WONDERS. As one of the 40 WONDERS, WONDER DAO receives 0.01 WEMIX per block, which is 1% of the PMR.

Random Execution Algorithms

The Incinerator uses random execution algorithms to buyback WONDER, attempting to make it difficult to predict the time and amount involved. Gas Fees required for these executions are sourced from the WONDER DAO System Wallet.

WONDER DAO System Wallet

Gas Fees used for WONDER buyback attempts are sourced from the WONDER DAO System Wallet, and the remaining balance may be viewed in the WEMIX Explorer. Use Treasury Funds Proposal may be used to source DAO's Gas Fees from the System Wallet.

Address: 0x5EB7c4522484aa729a63a47EDBa83aaF7AcecC1a