Buybacks
Every ~80 seconds a share of mining revenue buys SLVR on the open market and sends it to the SLVR Graveyard — removed from circulation forever.
Cumulative buybacks · SLVR burned & ETH spent
How the burn works. A share of mining revenue accumulates in the buyback keeper, which every ~80 seconds calls the executor to swap ETH for SLVR on the Uniswap V4 pool and forward every token to the SLVR Graveyard — a contract with no way to move anything out, so the SLVR is permanently removed from circulation. This is distinct from protocol burns to 0x0 (which cut totalSupply and reopen mint headroom); graveyard SLVR stays in totalSupply but is subtracted from circulating supply. Totals are the exact sum of the executor’s BuybackBurned events and reconcile to the graveyard’s on-chain balance. USD uses the current ETH price. Updated every 5 min.
Growth Fund flywheel
A self-reinforcing loop, separate from the burn above: ① the Growth Fund earns 0.04 SLVR every round (4% of each round’s mint) → ② stakes it to earn ETH (the 8%-of-round-ETH staker cut) → ③ spends that ETH buying SLVR back on the open market — which it keeps (and re-stakes), compounding the loop.
Cumulative SLVR bought back · Growth Fund accumulation
Recent buybacksboth streams · protocol burn + Growth Fund flywheel · newest first
| When | Type | USD spent | SLVR |
|---|---|---|---|