Supply only goes one direction.
STEAK's burn is not a marketing event. It's an automated mechanism baked into an immutable on-chain contract. Here's what it is and how it works. For the full ledger of every burn that has ever happened, see /transparency.
Validator earns ALGO
We run Réti pool #13. Each epoch, the pool earns ALGO consensus rewards and pays our 1.69% commission to the AutoBurn contract account.
Threshold triggers the buyback
Once the contract holds enough ALGO, the buyback fires. The contract atomically swaps 90% of its balance for STEAK on Tinyman v2 in a single txn group. The contract is immutable; nothing can redirect the funds elsewhere.
STEAK lands in BNFIRE
The same group sends the bought STEAK to BNFIRE…, a vanity address whose private key was never derived. Funds in are provably unspendable.
Where the supply lives
Every STEAK ever minted is in one of these wallets. Read live from the chain.
| Wallet | Balance | % supply | Address |
|---|---|---|---|
Burn wallet BNFIRE… · permanently unspendable | 1,872,554.88 | 11.01% | BNFIRE…BPHY ↗ |
Tinyman LP · STEAK/ALGO Community liquidity | 3,481,995.87 | 20.48% | YGVU3W…MMWQ ↗ |
Tinyman LP · STEAK/goBTC Community liquidity, paired against tokenized BTC | 1,693,585.12 | 9.96% | 57USGD…WWKY ↗ |
Staker rewards wallet Distributes STEAK to delegators of Réti pool #13 | — | — | LEADNO…ESGA ↗ |
Free-floating Held across all other wallets. DEX traders, holders, opt-ins. | 9,951,864.13 | 58.54% | — |
Why this is unusual
Most "burns" come from a treasury
A team allocates X tokens, burns them on a schedule. The day the treasury runs out, deflation stops. That's a marketing budget with a fuse.
Ours comes from validator economics
Every block Algorand produces sends commission through our contract. Deflation only stops the day Algorand stops. That's an engine, not a budget.