04Burns
Every fee
burns a coin.
Each index has its own vault, filled only by its own traders. Every hour the vault is split equally across the coins inside; each share buys its coin on chain and sends it to the dead address.
$0burned for index coins
Burn logevery buy and burn, with its transaction
No burn yet. The first one lands the hour after the first trade.
How a burn works
| 01 · Fees | 0.25% of every position's size, when it opens and when it closes, long or short. |
| 02 · Vault | One vault per index. HOOD10 fees only ever buy HOOD10 coins. |
| 03 · Hourly split | On the hour, the vault is split into equal shares, one per coin in the index. |
| 04 · Buy + burn | Each share buys its coin on its deepest Robinhood Chain pool and sends it to 0x…dEaD. The transaction is public. |