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Pops & bursts

Every measured burn advances a TOKEN's meter. When it reaches the current threshold, a separate pop transaction converts 100% of the Popable book into USDG; Treasury principal is untouched.

Popped USDG opens linearly over the configured burst window and never expires. Each permissionless burst is capped by maxBurst, checks a fresh protocol TWAP and price impact, buys the same TOKEN in its canonical pool, and measures the burn. A new pop merges any amount left to burst with the new credit and restarts the window.

Only one pop may complete in a transaction, and any missing or invalid signed conversion data reverts the full operation.

Protocol documentation.