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Along the tokenomics paper Sec. 6:
We need to
- count the cumulative number of extrinsics on the chain
- upon fee payment, burn a fraction of the fees according to the formula in the paper
- a lookup table with 100 entries is sufficient: yields burning rate resolution of 1%. that's smooth enough.
- only if more efficient, use fixpoint math instead.
 
- transfer the remainder to the treasury
learn more about burning and imbalances: https://blog.polymath.network/substrate-deep-dive-imbalances-8dfa89cc1d1?gi=7948e9237106
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