Last updated
Last updated
Glide is committed to generating long term value for its community through deflationary mechanism to increase the GLIDE tokens long-term value. The portion of platform's revenue used for buyback & burn currently are:
1. Swap Fees - 0.1% (out of 0.25%) of all swap fees are used for buyback & burn of GLIDE tokens. This was voted on in a Glide DAO governance proposal that concluded on January 4th, 2022.
2. Auto-Staking Performance Fee - 2% of yield (profits, not principle) goes towards buyback and burn.
3. Phantz Club NFT Sale Royalties - As part of our partnership with the Phantz Club, all royalties (10% per sale) received in ELA will be converted to GLIDE and burned.
4. More to come
Below is a record of every burn transaction we have initiated since launch:
Tx IDs
Burn #1:
Burn #2:
Burn #3:
Burn #4:
Burn #5:
Burn #6:
Burn #7:
Burn #8:
Burn #9:
Burn #10:
Burn #11:
Burn #1:
Burn #2:
Burn #3:
Burn #4:
Burn #5:
Burn #6:
Burn #7:
Burn #8:
Burn #9:
Burn #10:
Burn #1:
15 Jan 2022
5,030
$1,782
2 Feb 2022
26,069
$15,600
6 March 2022
16,682
$7,017
17 March 2022
8,141
$2,442
5 April 2022
10,587
$2,435
29 June 2022
110,891
$5,211
23 September 2022
82,344
$1,814
13 November 2022
62,009
$1,116
26 March 2023
100,347
$1,605
13 September 2023
164,124
$1,345
27 December 2023
86,493
$6,054
29 Nov 2021
5,512
15 Jan 2022
8,213
2 Feb 2022
17,094
6 March 2022
7,018
5 April 2022
5,232
29 Jun 2022
6,420
23 September 2022
5,872
13 November 2022
5,124
26 March 2023
7,899
13 September 2023
15,258
1
5 April 2022
14,192
