Auto Burn
Burns a set share of every buy's tokens in the same swap.
Where it runs
After
Acts on the filled swap: burns, LP rewards, pots.
Status on reel
In the program
In the reel program: bit 2 of PoolParams.blocks, frozen at PoolInit (PROGRAM.md §5).
Set by
You, at launch
Frozen in PoolParams at PoolInit; nobody can change it after.
What it does
A share of each buy's actual token output is burned in the same swap, less the protocol's share, which is paid in the quote instead. Sells burn nothing. The rate is fixed for the pool's life.
How it works on reel
On buys, floor(out·burn_bps·(10⁴ − s)/10⁸) of the actual output is burned with BurnChecked from the base vault, and burn_bps·s of the input is paid in quote to the protocol. LP Rewards and Auto Burn share 1,000 bps.
Settings · 1
| Setting | Min | Default | Max | What it does |
|---|---|---|---|---|
Burn share burn_bps | 0.01% | 1% | 10% | Of each buy's tokens, burn·(1 − s) is burned; burn·s of the input is paid in quote to reel.LP Rewards + Auto Burn ≤ 1,000 bps. |
Fees and who's paid
Paid to
The burn, and reel's share in quote.
Protocol share
reel's protocol share s (20–50%, fixed at launch) comes off each charge first.
Requires and can't be combined with
Requires
No other block.
Can't be combined with
Nothing: it sits beside any block.
Worked example
A 1 SOL buy with a 1% burn, a 0.3% base fee and a 20% share: reel gets 0.002 SOL, 0.8% of the tokens bought are burned, and the buyer gets the rest.
Solana notes
It works as on hookr; amounts are in SOL or the pool's quote, and times in seconds.
On hookr: Core block · Live
Other blocks in Rewards
Arb recapture
FEEThe pool keeps most of the price-gap profit instead of outside bots.
King of the Pool
SWITCHEach round's biggest single buy takes a prize from a pot recapture fills.
Holder Pot
AFTERSandwich Guard's charges fill a pot paid to holders by tokens × time held.
Swap Reward Mint
ADVISORYPays traders a reward token for each swap, funded by a slice of the trade.
Referrals
TRADINGRef codes and links that pay referrers part of the protocol's cut.
Nth-buy Pot
AFTERHeld on hookr: King of the Pool takes its place.