50%
buyback
swept per quote token to the buyback sink.
Half buyback. Half buy-in reserve.
Fixed supply, minted once. No mint function exists on the contract.
50%
buy-in reserve
tops up coin margins when a squeeze payout would otherwise be trivially small.
fixed supply
1,000,000,000
minted to the treasury at deploy.
The reserve is the point. A generic buyback token is a claim on volume; this one is wired into the single mechanic anybody remembers. A settlement date where many coins pay out is a settlement date where the reserve is doing visible work — and the amount it moves is on the settlement sheet, not in a dashboard.
Holders take more on a harder borrow, and that comes out of the protocol share, not the creator cut. A board full of No Borrow tickers is a board where $HTB earns least — which is the correct incentive, because it means holders are being paid.
| tier | holder | creator | protocol | buyback | reserve |
|---|---|---|---|---|---|
| █ etb | 20% | 30% | 50% | 25% | 25% |
| ██ htb | 35% | 30% | 35% | 17.5% | 17.5% |
| ███nb | 50% | 30% | 20% | 10% | 10% |