Buy-Back/Burn and Treasury
4.9 Buy-back/burn rail
Protocol revenue enters the treasury; treasury policy distributes inflows across operations, reserves, and token-economy mechanisms. The buy-back/burn rail is one mechanism that reduces INT circulation under published rules.
BBB operates as a rule-based treasury execution rail. The public contract is:
| Principle | Consequence |
|---|---|
| Rule-based execution | BBB is a programmatic process aligned with treasury policy |
| Public burn trail | Completed burn events are auditable on-chain |
| Operational privacy | Window size, route, liquidity source, and execution detail are managed in the internal operations layer |
4.10 Treasury governance
Treasury authority is distributed through multi-approval, delayed execution, and publishable on-chain records.
The signing tool, signer set, thresholds, emergency procedure, and operational timing are managed in the internal operations layer.
Authority transfer
Program authorities are designed to move into more independent governance structures as the operational model matures. Each transfer is auditable as a public on-chain event; operational detail of the transfer procedure remains private.