$TEARDOWN and the vault

What $TEARDOWN does in the product: a burn on every payout and a weekly vault rule that tops up the target of the week.

Burn on every payout

10% of every pot paid on a PASS is bought into $TEARDOWN on Jupiter and burned (Token-2022 burn, recorded with a Memo). Before the token exists, that 10% is held in the vault in USDC.

The vault

The vault is the Solana address 9U8E2DXxmgpUnTdgmnuf5GcDb3pymQs3UiWs6XMGer41. The team sends the token's pump.fun creator fees there by hand, in SOL. Every Monday at 00:30 UTC a Vercel Cron applies the rule:

• keep 0.05 SOL in the vault for fees;
• swap 80% of the rest to USDC on Jupiter and add it to the pot of the target of the week, with the Memo teardown:vault-topup:<program>:<week>;
• buy $TEARDOWN with the other 20% and burn it.

Before the token exists, the 20% stays in the vault and the vault page says the burn turns on with $TEARDOWN. Every execution is listed on /vault with each leg and its signature. Each leg is recorded before it is sent and never sent twice.

Target of the week

Chosen every Monday at 00:00 UTC by the cron: the top prop AMM by 24 hour transactions that has no PASS yet. Launchpads and bonding-curve programs are never chosen.

Where the token shows

The token appears on the site only once its mint address is set: a "Trade on pump.fun" pill with the address, and the burns on the vault page. Until then nothing about it is shown besides this rule.