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
Any transfer of program authority is made through a separately published governance change that defines its scope and decision rules. Applied transfers are auditable from public on-chain events; operational detail of the transfer procedure remains private.