$SPRIG
The buy and burn.
$SPRIG is the protocol token. 10% of every live app’s builder fees buys it on Jupiter each Monday and burns it.
The burn
- The keeper claims builder fees for the epoch.
- 10% is bridged to Solana as USDC.
- It swaps to $SPRIG on Jupiter and burns it in the same transaction.
Every burn carries a Memo with the epoch number and the USDC spent. See the running totals on the $SPRIG page.
What it isn’t
It isn’t a claim on raises and it isn’t needed to back an app. Backing is USDC only.