The November VVV discretionary burn: $458,000. That's +10% growth from October's $415,000 How does @AskVenice's discretionary burn work? @JonShapeShift and I covered this in the Sept. VVV call - clip attached. tldr: After revenue, expenses, and programmatic burns, Venice allocates some free cash flow to a VVV TWAP. Then, about once a month, they burn the accumulated VVV from the TWAP. The discretionary burn has grown an average of 19.4% month-over-month since December 2025