> For the complete documentation index, see [llms.txt](https://polywantsacracker.gitbook.io/polywantsacracker/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://polywantsacracker.gitbook.io/polywantsacracker/farm-attributes/buyback-burn.md).

# Buyback/Burn Policy

> Soothe the burn, wake me up

**The Buyback/Burn policy has been changed as the result of a** [**community poll**](https://t.me/PolyWantsACracker_Farm/49548)**!** 

* **The buyback wallet remains active for the remainder of Layer 1, but any unused funds can be carried forward to fund a similar buyback wallet for Layer 2**
* **NO BOUGHT BACK TOKENS WILL BE BURNED!** 
  * **This is because we will use all available LITHIUM tokens to drain funds from the Quickswap LP pair at the conclusion of the Layer 2 presale swap period**
  * **After that, 100% of the recovered funds will be sent to the MYFRIENDS (ownership) contract so that all Layer 2 MYFRIENDS stakers receive proportional shares of the money**
* **All buybacks are scheduled at the creator's discretion**

Current policy:

* **60%** of the deposit fee will be used to buy back LITHIUM tokens
  * ~~At least 50% of the bought back tokens will be burned directly after the buyback~~ 
  * ~~The remaining bought back tokens are stored for partnerships (e.g., beefy vault bonus tokens) or liquidity reclamation (only at the end of the Layer 1 to Layer 2 swap period)~~
  * **No tokens will be burned. All will be retained for either partnerships or liquidity reclamation (see below).**
  * At the end of the swap period from Layer 1 to Layer 2, those tokens not provided for partnerships will be used to reclaim liquidity funds, 100% of which will then be distributed to tokenized owners via the Layer 2 ownership contract
* **15%** of the deposit fee will be used for marketing/infrastructure
* **25%** of the deposit fee will be designated as a dev fee for band performance

**©** 2021 Sugandese Tokens