DUAL BURN ENGINES
Engine 1 — Quarterly Yield Burn
30% of all USDC yield from trade finance assets is used to buy SMESH from the open market on Aerodrome. Every purchased token is permanently burned.
Source: SPV yield (USDC)
Amount: 30% of yield
Mechanism: Market buy → burn
Engine 2 — Settlement Burn (V4 ROADMAP)
When V4 launches, 5% of the SMESH-equivalent of each trade's USDC value will be burned per settlement — sourced from the Ecosystem wallet, not circulating supply. Governed by supply floor (300M), per-trade cap (1M SMESH), and annual cap (5% of circulating supply).
Source: Ecosystem wallet
Amount: 5% of SMESH-equivalent per trade
Floor: Burns pause below 300M supply
PROTOCOL-OWNED LIQUIDITY (POL)
The Foundation's LP position is permanent — it cannot be panic-sold by retail participants. Trading fees earned on the Foundation's position compound automatically back into more LP, accelerating pool depth over time.
LIQUIDITY LOCK
99% of the USDC/SMESH Aerodrome LP is locked until May 2027. Neither the team nor the Foundation can remove liquidity until the lock expires. Verifiable on-chain.
Verify Lock on UNCX ↗TOKEN VESTING CONTRACT
ON-CHAIN MECHANICS CONTRACTS
Supply shrinks. Pool deepens. Both automatic.
Every cycle: 30% of protocol fees buys and burns SMESH permanently. 70% deepens the liquidity pool.
V4 roadmap: 5% settlement burn per trade, sourced from Ecosystem wallet. Supply floor: 300M SMESH. Governed by staker vote.
All mechanics enforced by smart contracts. Verifiable on Basescan.