The protocol automatically deducts 6.5% of the cover fees and claims payout. The primary objective of the fee and income generation is to bootstrap and own liquidity long term and fund cover pools. For better community engagement, a portion of this fee is also rewarded to governance reporters.
Treasury portal will be developed in the future which will display:
Protocol fee incomes across chains
Reporter reward distribution
NPM burn address tracking
Please note that NPM tokens most likely will not be immediately and individually burned on all chains. Instead, they will be collected in a burn vault, bridged back to Ethereum, and then burned on a periodic basis.