ChainCatcher reported that Pons founder Ozzy posted on X in response to community questions about the PONS buyback-and-burn mechanism.
Ozzy said the burn rate has indeed not been adjusted yet, and that the Claim step has still not reached full decentralization.
According to his post, the project is now upgrading its on-chain contracts. Under the new buyback structure, Claim is planned to run once every seven days. Over the following seven days, all claimed funds would then be used to buy back and burn PONS, before the process repeats in a new cycle. He said the goal is to build a more sustainable buyback-and-burn mechanism.
Ozzy also said all buyback and burn operations have already been automated. Anyone can trigger the bot and receive a small reward for doing so.
On the parameter side, he said the previously set buyback-and-burn rate was 2e per hour. Combined with the roughly $950,000 now held in Splitter, the fund-splitting contract, he said that rate matches a seven-day buyback cycle. After funds are claimed, execution will also follow a seven-day cycle automatically. As a result, buyback funds will be shown in two separate sections: the Active Buyback Vault, which is the pool currently being used for buybacks, and another pool reserved for the next week’s buyback.
Earlier, crypto analyst yyy said in a post on X that Pons had not added funds to the buyback distributor for more than five days, and that the custody account had accumulated about $440,000 in unclaimed funds. In his view, delayed Claim activity has kept the recent PONS burn pace at a relatively low level, and he called for decentralizing the claiming of custody-account funds.