Deflationary Mechanics

Deflationary Mechanics:

At present,

  • SBF token is held for voting

  • SBF token will be burned 🔥 as fees when minting LBNB & redeeming BNB

      • When minting LBNB, 0.05% LBNB will be deducted as staking fee. When redeeming BNB, 0.05% LBNB will be deducted as unstaking fees

      • The stake fee and unstake fee will be collected into communityTaxVault. These fees will be used to buy SBF from Pancake swap, and the SBF will be burned immediately.

      • Governance token will provide the right to trigger the burn operations.

  • SBF token can be burned 🔥to accelerate unstaking of liquid token from the validator nodes

  • SBF token can be locked up to farm for more SBF tokens.