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Each vault charges a 10% operator fee under Lighter’s public pool mechanics. Centaur does not keep these fees as revenue. Instead, each vault’s fees go to one of two uses.

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Black Bull: buy and burn $ANSEM

  • Operator fees earned by the Black Bull vault are used to buy $ANSEM on the open market.
  • The purchased tokens are then permanently destroyed using the Solana token program’s native burn instruction, which reduces $ANSEM’s on-chain total supply by the burned amount.
  • Each burn can be verified on any Solana explorer from its transaction signature and the change in the token’s total supply.
The Black Bull vault may itself hold $ANSEM, so buybacks may support the price of a vault holding. Ansem is not affiliated with Centaur or with this program. See Disclosures & Disclaimers.

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All other vaults: depositor loss rebates

  • Operator fees from Post Fiat, Inverse 1000x, Serenity, Lazy Villager, and Kole World fund random rebates to depositors who have realized losses in those vaults.
  • Recipients and amounts are selected at random, at Centaur’s discretion.
Rebates are discretionary and random. They are not insurance, not a guarantee against loss, and not a promise of any return. No depositor is entitled to a rebate. The program may be changed, paused, or ended at any time.

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Transparency

Centaur intends to publish fee-usage activity, including buy-and-burn transactions and rebate distributions.
Last modified on September 29, 2026