⚙️Repurchase Programs

Repurchase Programs of the Realm of OGs

On-chain Programs

The Repurchase Programs are on-chain scripts deployed on Solana mainnet by the Institutions to serve as a balancing mechanism for the flow of tokens, which inevitably accelerates over the Realm's lifespan.

Program Actions

There are 3 separate Repurchase Programs that regularly and automatically:

1. Take possession of SOL and $OGC collected from Mining fees, Reserve fees, and Lottery fees generated each epoch by OG Mine, OG Reserve, and OG Lottery, respectively.

2. Use collected fees to repurchase $OGG, $OGC, and $OGF from the open market (via Jupiter routing).

3. Deposits repurchased $OGG and $OGC into OG Mine and OG Reserve, respectively.

4. Burns repurchased $OGF.

Program Comparison

Institution	Source	Repurchases	Final Action
OG Mine	Mining fees	$OGG	Replenishes OG Mine with $OGG
OG Reserve	Reserve fees	$OGC	Replenishes OG Reserve with $OGC
OG Lottery	Lottery fees	$OGF	Burns the $OGF

Impact on the Realm

The overall effect of the Repurchase Programs is to assist in supporting a floor value for $OGG, $OGC, and $OGF by continuously repurchasing these tokens from the open market.

Further, this action adds to the daily $OGG epoch reward emitted by the OG Mine and extends the tail-end of epochs that the OG Reserve may continue to emit $OGC.

However, it does not increase emissions or extend the life of OG Lottery. Instead, the Repurchase Program serves to simply decrease excess market supply of $OGF.

Since repurchases of $OGG, $OGC, and $OGF are routed through Jupiter, the most efficient liquidity path is selected. Therefore, regular repurchases of $OGG, $OGC, and $OGF result in a constant rebalancing of the Realm's tokens, especially for the Realm's most liquid pair of $OGG-$OGC, and soon to be $OGC-$OGF.

Technical Information

To follow on-chain activity, the Solana public address for the Repurchase Programs are provided:

Institution	Address	Solscan
OG Mine	oggzGFTgRM61YmhEbgWeivVmQx8bSAdBvsPGqN3ZfxN	Link
OG Reserve	9amqn5HuK6554dnAEQWJMMGTyrQBVWzKzt9vdVGTBwKo	Link
OG Lottery	(coming soon)