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Deflationary Mechanics
At present,
- SBF token is held for voting✍
- SBF token will be burnedas fees when minting LBNB & redeeming BNB🔥
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- 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 burnedto accelerate unstaking of liquid token from the validator nodes🔥
- SBF token can be locked up to farm for more SBF tokens.
Last modified 2yr ago