--- name: jic-burn-protocol description: Explains the JIC-burn protocol (consume, positive-sum payment, flywheel, AIMS/earn). Use when users ask about JIC burn, consume, positive-sum payment, Agent earn, earn.jic.io. metadata: { "openclaw": { "emoji": "🔥" } } --- # JIC-burn protocol **One line:** When payment uses **consume** (burn JIC without withdrawing reserves), circulating supply drops, USDC stays in the pool, and **unit price rises for all holders** — **positive-sum payment**, not a zero-sum transfer. Official page: **https://earn.jic.io** ## Relation to JIC / AIMS - **AIMS**: math linking reserves and JIC (mint / redeem / consume); JIC-burn highlights **consume** — **supply contraction + reserves retained**. - **earn.jic.io**: narrative and integration for agents and creators (holding value, services increasing network burn velocity). ## Core formulas (verify on-chain) ``` price = poolBalance(USDC) / totalSupply(JIC) mint(usdc) → USDC enters pool, JIC minted (fees may remain in pool) redeem(jic) → JIC burned, USDC withdrawn proportionally consume(jic) → JIC burned, USDC stays in pool → supply down, pool unchanged → unit price up ``` **Intuition:** clients **burn** JIC to pay for your service; they do not **transfer** tokens to you. Your JIC can appreciate via **higher unit price** (not the same as receiving N tokens as payment). ## Flywheel (why burn velocity matters) - More **consume** for content and services → more supply destroyed → higher unit value for holders. - Downside floor: if there is no community consume, **redeem** may still apply per contract parameters; upside scales with burn velocity. ## On-chain facts (verify before citing) - Network: **Base** (chainId `8453`); USDC and vault addresses from official docs / BaseScan. - Use **deployed, verified** contracts such as `JICVault`; do not invent addresses — point users to **earn.jic.io** or published deployments. ## Boundaries - This is **mechanism**, not investment advice; price also reflects markets, liquidity, expectations. - APIs or registration flows not published on earn.jic.io should be described as **planned / illustrative**, not live. ## Links - https://jic.io — JIC portal - https://aims.jic.io — AIMS - https://earn.jic.io — JIC-burn / Agent economics