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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.
Last modified 8mo ago
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