How it works

PyrroSol operates on a cycle-based system, with each cycle lasting approximately 24 hours. During each cycle, a set amount of $PYRO tokens is minted, starting with 10,000 $PYRO in the first cycle. With each new cycle, the minting decreases by 0.2%, ensuring a gradual reduction over time.

For example, the first day mints 10,000 $PYRO, the second day 9,980 $PYRO, and by the 365th day, about 5,000 $PYRO will be minted. This slow taper continues until the final token is minted around the 22,630th day (62 years) .

Minting Process

Each cycle follows the same structure:

• Day 1: 10,000 $PYRO

• Day 2: 9,980 $PYRO

• ...

• Day 365: 5,000 $PYRO

• ~Day 22,630: 0 $PYRO (no further minting)

This gradual reduction in minting ensures controlled token supply over time, with a clear, long-term roadmap for token generation.

How to get $PYRO

Users must send batches to the Smart Contract within each cycle. A batch requires a total contribution of 0.03 SOL, divided as follows:

• 1 Batch = 0.0015 + the equivalent of 0.0015 SOL in tokens like $SLERF, $JUP, $PYTH, $WIF, etc.

At the end of the cycle, the system distributes the minted $PYRO proportionally to each participant based on the number of batches they contributed. For instance, on the first day, 10,000 $PYRO will be distributed among participants. The maximum number of batches per user per cycle is set at 10,000.

Slippage Protection

Users can set a slippage percentage when creating batches, allowing for slight variations in token prices. The target peg for each batch is 0.0015 SOL in the secondary token. For example, if a user sets a 1% slippage and contributes tokens like $SLERF, the Smart Contract will adjust the amount needed accordingly. For instance, if the target is 0.0015 SOL in $SLERF, and the user sets a slippage of 1%, the Smart Contract may require the equivalent of 0.001515 SOL in $SLERF. If the price fluctuates beyond the set slippage, the transaction will fail, protecting the user from unfavorable conditions. Any excess tokens within the slippage tolerance will be returned to the user.

Example:

• 1 Batch = 0.0015 SOL + equivalent of 0.0015 SOL in $SLERF

• Slippage at 1%: The user will contribute 0.0015 SOL + equivalent of 0.001515 SOL in $SLERF.

Reward Distribution (SOL)

All SOL contributions within a cycle are pooled and distributed as follows:

• 90%: Shared proportionally among all participants who have staked their $PYRO tokens.

• 10%: Reserved for administrative costs, including team expenses, marketing, design, operations, partnerships, and development of new features.

Claiming Rewards (PYRO)

• At the end of each cycle, the $PYRO tokens allocated to each user are automatically staked within the protocol.

• If a user wishes to claim their $PYRO tokens, they will stop earning protocol fees (in SOL) for the current and future cycles. To resume earning SOL rewards, the user must re-stake their $PYRO.

• There is no lock or unbonding period for claiming $PYRO tokens. At any point, users can choose to claim their $PYRO tokens and trade them on an exchange (DEX).

Why Burn Tokens and Participate?

• Earn Rewards: By burning tokens, users receive $PYRO and SOL rewards, creating a strong incentive to participate.

• Token Scarcity: Burning project tokens reduces their circulating supply, potentially increasing their value for holders.

• Ecosystem Growth: Regular engagement in the burn process fosters a healthy community and strengthens the $PYRO token's role within the Solana ecosystem.

• Scarcity of Project Tokens: Burning tokens reduces the available supply of project tokens, helping maintain or increase their market value.

• Incentivize Engagement: The structured process encourages regular participation, driving continuous growth and involvement.

• Promote Sustainable Growth: By managing supply and rewarding participants, PyrroSol supports a long-term, sustainable growth strategy.