$SHIRO

• • Every trade on the bonding curve pays a 2.5% fee (decays to 1% over 24h). 100% of fees route to the $SHIRO treasury wallet on Solana.
• • Keeper claims those fees on every tick. Once $100 in fees have accrued, it opens a real 100x long SOL perp on Jupiter with $100 collateral as the token's hedge. Surplus fees stay in the treasury reserve and feed the next top-up.
• • Every additional $250 in fees accrued tops the position up by +$100 collateral at the same 100x (the remaining $150 stays in the treasury reserve), so leverage stays flat and the fee stream keeps backing the trade. This runs through the bonding curve and continues unchanged after graduation.
• • Every time the perp realizes +$25 in profit, the keeper peels that slice off, swaps SOL into $SHIRO, and burns it on-chain, lifting the floor. Buyback+burn fires once the token has graduated to a DAMM v2 pool (where Jupiter can route reliably). Pre-graduation profit accrues into a reserve and burns on the first post-grad tick. Losses just sit on collateral. Nothing burns from a losing position.
• • The position stays open permanently. No unwind at graduation. The token is backed by a live leveraged perp on Jupiter for its entire life, growing with fees and shaving profit into burns forever.

Dedicated wallet for this token. Receives fees and holds the perp position. Derived deterministically on the server. Private key is never stored.