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Active since September 27, 2026. The processor 0xd6fA32A8CFB31c2f237059E4f19a5EFF79047957 allocates 60% to ROUTE buybacks, 5% to ROUTE/USDG liquidity and 35% to the treasury. It had completed 40 cycles by October 1. Live posts: @routebacks.

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How a cycle works

  1. Wait for revenue. The bot checks at most every 15 minutes for creator fees, converted swap fees and Safe-funded revenue. It needs an active Safe policy.
  2. Check the $50 minimum. The 60% buyback must be worth more than $50 at a fresh ETH/USD price (no older than 60 seconds). Below that, the whole cycle waits and revenue accumulates.
  3. Price and simulate. The bot quotes the buyback and the liquidity purchase, then simulates the full cycle. Prices are re-checked right before sending.
  4. Execute in one transaction. The processor buys ROUTE for the Safe, adds both sides of the ROUTE/USDG liquidity position and sends the treasury share. If any step fails, the whole cycle reverts.
The processor is the buyer onchain. The operator wallet submits the transaction and pays the gas. The 15-minute interval is a minimum between cycles, not a promise of a buy every 15 minutes.

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Receipts

  • Activation. The Safe approved the policy and handed creator fees to the new processor in this transaction (block 73,492,635).
  • Catch-up funding. The Safe moved 0.648430178676796591 ETH of revenue held by the previous processor into the new one in this transaction.
  • First cycle. Block 73,506,619 processed 0.6537 ETH of revenue: 0.3922 ETH bought 390,507.34 ROUTE, 0.0327 ETH went to liquidity and 0.2288 ETH to the treasury. That is exactly 60/5/35.

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Liquidity

The 5% budget adds to a wide position in the ROUTE/USDG Ramp pool. Pool and range details are on the contracts page. Unspent liquidity funds stay reserved in the processor for later cycles; they are not counted as new revenue or split again. Liquidity shares are not burned or locked automatically.

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Safe policy and controls

Each policy lasts at most 3 days and is approved by two of the three Safe owners. It sets the revenue bounds, remaining budget and minimum outputs. Renewals are never automatic. Meaningful price protection comes from the bot’s fresh quotes and full simulation; the contract has no USD oracle. The Safe can pause the processor, recover its assets to itself and take back the creator-fee recipient. A recovery sends funds straight to the Safe without the normal split. The bot cannot change the Safe, pool or allocation. Cycles stop when the policy expires, the operator is out of gas, revenue is below the $50 buyback minimum, or a quote or simulation check fails.

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Public reporting

@routebacks follows every Route buyback contract and posts each confirmed cycle after 64 blocks: ROUTE bought, buyback ETH, liquidity budget, treasury ETH and the transaction link. USD values use the ETH price at the time of each purchase, not today’s price. On September 28 the bot was corrected to track the new processor and post the cycles it had missed. At that point it counted 690 automated and 100 earlier dev-wallet buys: 94,969,736.02 ROUTE for 75.4837 ETH, about $188,231.82 at purchase-time prices (post). Liquidity budgets and treasury payments are not counted as buybacks.

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Earlier processors

Historical receipts keep their original allocations. About 0.205 ETH credited to the two earlier processors (0.1318 ETH in the September 11 processor and 0.0731 ETH in the September 18 processor after the catch-up) stays outside the current split. Contracts · Funding model