# $YEET Buyback Vault

<figure><img src="/files/XvcU8U6iz6lDNshbMM8V" alt="" width="375"><figcaption></figcaption></figure>

### What is it?

Yeet leverages Berachain's Proof-of-Liquidity and protocol partnerships in order to get leveraged buyback power with product revenues.

### How does it work?

1\) Yeet earns revenue from all its [Yeetarded Products](/yeet/yeetarded-products.md)

2\) These revenues are used to mint wgBERA, and are added to the buyback vault to be used as bribes

3\) Smilee Finance matches the wgBERA Yeet sends to the vault, up to 1500 wgBERA per week

4\) Bribes are placed with all wgBERA

5\) Yeet farms 100% of BGT rewards, mints the highest premium LST (or redeems to BERA)

6\) Yeet uses all these rewards to buyback and burn YEET

{% hint style="success" %}
The use of this buyback vault enables Yeet to effectively achieve 2.1-2.5x leverage on YEET buybacks, thanks to Smilee bribe matching and bribe efficiency rates in Proof-of-Liquidity
{% endhint %}

Please note:

* The LST minted with accrued BGT is selected upon which has the highest premium at the time
* The Smilee bribe matching might not last in perpetuity
* Buyback Reward Vault contract address: `0x366590179b477362adce1735419a38d574071b4c`

### $YEET Burns

* All tokens acquired via the Buyback vault are burned
* Yeet also receives a lot of YEET tokens as bribes by using our large hiBERO position on Beradrome, these YEET tokens are also burned
* YEET burns may be observed and tracked in [this dashboard](https://dune.com/yeetard/yeet-v2#yeet-x-burn)


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