Automated Token Buyback and Burn - 400

[Ivan-Ivanitskiy]

Implement contracts that automatically buy and burn a portion of the token supply when certain on-chain metrics are met, such as protocol revenue reaching a predefined threshold (come up with a metric that would make sense).

[rotcivegaf]

Hi @Ivan-Ivanitskiy I would like to take this issue, I have some questions:

1. Is this contract an ERC20 itself or does it have a balance of ERC20?
2. About the metrics, is it a single metric or can there be more than one?

I think I can start with these answers

[Ivan-Ivanitskiy]

Hey @rotcivegaf ! Thanks for the questions.

1. Both options are valid. To me, it seems a better option if this is a separate contract with a balance of ERC-20 - from the modularity standpoint. We can call it a Treasury contract. You can use any of the existing ERC-20 tokens depoloyed on Sepolia Testnet or depoly one yourself.
2. It might be a single metric, or there can be more - what makes sense for you from a business logic standpoint. If there is more than one valid application for this particular type of bounty, the one that is more sophisticated and makes more sense will win.

Sorry for the late reply and please let me know if you have any more questions. I will be more responsive, I just didn't know people would reach out to us here, in issues. Feel free to ask questions in our Telegram developer chat, too.