Anyperp

Token

ANYPERP is Anyperp's token. Its supply is fixed, every unit went to one public launch, and the protocol's share of every fee buys it on the market and burns it.

Supply and launch

TickerANYPERP
Supply1,000,000,000, fixed
Launch100% to one public launch, on equal terms
Allocationsnone: no presale, no team or investor allocation, no airdrop, no reserved pool, no vesting

Where the fees go

Every trading, liquidation and borrow fee splits 60% to the vault, 20% to the protocol, 10% to the insurance fund and 10% to the market's proposer (see Fees and funding). The protocol's 20% has one use: it buys ANYPERP on the market, and the ANYPERP it buys is burned.

For example, a $10,000 open pays a $10 trading fee. $2 of it is the protocol's share, and that $2 buys ANYPERP to burn. Supply starts at 1,000,000,000, and every buyback lowers it.

How it fits the service

Margin, vault deposits, payouts and listing bonds are all USDC, and prices come only from the two attestation roots. ANYPERP's link to the protocol is the buyback, so its supply follows how much the markets are used.