Watch how a burn works
This is one real burn from the practice run on devnet, taken apart step by step. Every number below is read from that burn's receipt.
Devnet is a practice network. Tokens there have no money value, and this coin was a rehearsal.
Step 1 of 4, on devnet
The result is published
The U.S. Treasury published the national debt for Oct 6, 2026: $40.273 trillion. On Oct 5, 2026 it was $40.249 trillion, so it rose $23.92 billion.
The rule counts one unit for each full $1 billion, so this day counted 23 units.
Step 2 of 4, on devnet
The budget is worked out
On devnet this coin's rule spends 1% of its burn pool for each unit. For 23 units that is 1 − 0.99^23 of the pool.
The burn pool held 0.5056 SOL, so the rule asked for 0.1043 SOL.
One burn run spends at most 2% of the trading pool's SOL. This run spent 0.0201 SOL, and 0.0842 SOL carried over to the next run.
Step 3 of 4, on devnet
Tokens are bought
The program spent 0.0201 SOL from the burn pool and bought 4,010,874.87 $DEFICIT on the coin's own trading pool.
The SOL came from the coin's burn pool. No holder's wallet was touched.
Step 4 of 4, on devnet
The tokens are burned
Every token bought, 4,010,874.87 $DEFICIT, was burned in the same transaction. Those tokens no longer exist.
The receipt, on devnet
The transaction is the receipt
The burn's transaction carries a note that records the day, both debt figures, the units, the burn pool, what was spent and what was burned. Anyone can read it and check it against the source.
DEBT|2026-10-06|src=fiscaldata.treasury.gov debt_to_penny|prev=40249104431078.48|now=40273024579219.17|delta=23920148140.69|units=23|pool=505583582|spent=20132384|got=4010874.872446|burn=4010874.872446|swap=5RoGVSCTBmcT|rules=sha256:b9ad29b48ef1|v2
Check this receipt in your browserThe transaction on the devnet explorer
This all happened on devnet, a practice network where tokens have no money value. The devnet rule spent 1% per unit. The mainnet $DEFICIT rule spends 2% per unit.