The $TICKER Rulebook
Bonds fall, we burn. Bonds rise, we buy BTC.
Same inputs, same output, every day.
Bonds fall, $TICKER gets burned. Bonds rise, the treasury buys BTC. Burns and BTC buys are paid for by trading fees. $TICKER has no custom contract — it's a standard fixed-supply token (1,000,000,000, no mint function) launched on pons v2 on Robinhood Chain.
Once each market day, after the US bond market data is in, the automatic burn process spends the treasury's trading fees according to the public rules below.
Pool: The official pool pairs $TICKER with USDG. All caps are measured against the pool's USDG reserve.
Supply: No Bags
No team bag, no airdrop or treasury bag. The treasury starts empty. It is funded only by fees, never by a token allocation.
The whole supply goes through the public pons launch.
No dev wallet. Zero dev buy at launch. The creator bought nothing.
Fees
Burns and BTC buys are paid for by trading fees. Part of the fees also adds liquidity to the official pool.
What the Rules Watch
Daily total-return % change of TLT (a 20+ year Treasury bond ETF): (close + distribution on its ex-dividend day) ÷ previous close − 1. Each evening the official bond fund close is posted on-chain. The contract waits an hour before acting, the treasury can cancel a wrong number, and anyone can check the number against public market data on the receipt.
30-year Treasury yield at the daily close (U.S. Treasury Daily Par Yield Curve)
Bid-to-cover at 30-year bond auctions (new issues and reopenings, about monthly)
When bonds fall, TLT goes down and yields go up. That's when burns happen.
The Burns
A "burn" means the treasury buys $TICKER on the open market and destroys it with the token's own burn() function. At most one burn decision per day. Priority: Mega > Big > Base > BTC buy > weekly small burn.
Weak 30Y auction (bid-to-cover ≥0.08 below prior-6 avg) AND TLT red that day
TLT falls 1.25% or more, OR the 30Y yield closes at a new 20-day high (max once per 5 trading days)
TLT falls 0.75% or more
7 days with no burn (skipped when bonds up)
Loads on other green TLT days. The first Base/Big/Mega after loading also burns 50% of saved funds. The other half stays.
If TLT rises 1% or more and no burn rule fired, nothing burns. That day's fees buy BTC for the reserve.
Liquidity
Part of the fees adds liquidity to the official $TICKER/USDG pool.
How a Burn Executes
Bond price data is posted on-chain. The contract waits an hour before acting, the treasury can cancel a wrong number.
$TICKER is not affiliated with the Federal Reserve, the U.S. Treasury, any ETF issuer or fund sponsor, or Robinhood. TLT is named only as a public price input. Not financial advice. Meme tokens can go to zero.