# Proof of Burn

![](/files/dDgbbqeSBF55HTO5lfWs)

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:

## Buyback & Burn Records

<table><thead><tr><th width="150" data-type="number">Burn #</th><th width="156">Date</th><th width="194.89801699716716">GLIDE Burned</th><th>USD Amount</th></tr></thead><tbody><tr><td>1</td><td>15 Jan 2022</td><td>5,030</td><td>$1,782</td></tr><tr><td>2</td><td>2 Feb 2022</td><td>26,069</td><td>$15,600</td></tr><tr><td>3</td><td>6 March 2022</td><td>16,682</td><td>$7,017</td></tr><tr><td>4</td><td>17 March 2022</td><td>8,141</td><td>$2,442</td></tr><tr><td>5</td><td>5 April 2022</td><td>10,587</td><td>$2,435</td></tr><tr><td>6</td><td>29 June 2022</td><td>110,891</td><td>$5,211</td></tr><tr><td>7</td><td>23 September 2022</td><td>82,344</td><td>$1,814</td></tr><tr><td>8</td><td>13 November 2022</td><td>62,009</td><td>$1,116</td></tr><tr><td>9</td><td>26 March 2023</td><td>100,347</td><td>$1,605</td></tr><tr><td>10</td><td>13 September 2023</td><td>164,124</td><td>$1,345</td></tr><tr><td>11</td><td>27 December 2023</td><td>86,493</td><td>$6,054</td></tr></tbody></table>

#### Tx IDs

Burn #1: [0xbe6487e18708a03b316477179e5909d54962f1e737a7769e37d4a6bf70c4ff00](https://esc.elastos.io/tx/0xdd46fd3ec3f1f07a1dbaaa431fceb403bf06ff1bdf53727bbed0cfad875900db/token-transfers)

Burn #2: [0x35785a35747291e3c9b5e1c285396f7b9d50d967a46fe853443c194c561973a1](https://esc.elastos.io/tx/0x35785a35747291e3c9b5e1c285396f7b9d50d967a46fe853443c194c561973a1/token-transfers)

Burn #3: [0x3b16eae450869a3bd641ae515b3cfd889d7ca687e2122f07909620e979e7d16e](https://esc.elastos.io/tx/0x3b16eae450869a3bd641ae515b3cfd889d7ca687e2122f07909620e979e7d16e/token-transfers)

Burn #4: [0x52e3438f6efca8452b77a2d6546dcc8f1d0f5c080e400c5568653d2f86845895](https://eth.elastos.io/tx/0x52e3438f6efca8452b77a2d6546dcc8f1d0f5c080e400c5568653d2f86845895/internal-transactions)

Burn #5: [0x7b1e9b69845203ef2b60dbca5d7a527629383c0059af1c7b340d6ec2ba86d132](https://esc.elastos.io/tx/0x7b1e9b69845203ef2b60dbca5d7a527629383c0059af1c7b340d6ec2ba86d132/token-transfers)

Burn #6: [0x51cfa7d86ff569a76abb8a5a324b3ed0007b6a2cab78244d5a0c8c035d6b8295](https://esc.elastos.io/tx/0x51cfa7d86ff569a76abb8a5a324b3ed0007b6a2cab78244d5a0c8c035d6b8295/internal-transactions)

Burn #7: [0xe3ba300db041ab3c32166c9edb327951eca5496896c32ab93f1773b0bf23c16a](https://esc.elastos.io/tx/0xe3ba300db041ab3c32166c9edb327951eca5496896c32ab93f1773b0bf23c16a/token-transfers)

Burn #8: [0x6b3009354589adbb318f7d4ae8ea83af4be01f1209e85b0e129ce16d0a02eee7](https://esc.elastos.io/tx/0x6b3009354589adbb318f7d4ae8ea83af4be01f1209e85b0e129ce16d0a02eee7/token-transfers)

Burn #9: [0x3eabb801bbeeb6b6a8e304c1a420c68483f413037d0c57a7f7a4842dbd9cb0e1](https://esc.elastos.io/tx/0x3eabb801bbeeb6b6a8e304c1a420c68483f413037d0c57a7f7a4842dbd9cb0e1/token-transfers)

Burn #10: [0x1ae5b4dbdfc375f215d9127e843d963595aa6522be376ff1dcde0f939d493bb8](https://esc.elastos.io/tx/0x1ae5b4dbdfc375f215d9127e843d963595aa6522be376ff1dcde0f939d493bb8/token-transfers)

Burn #11: [0x91f0ddeedf9110fac4ea90bfe5a7d2e8cec765dc572eb209eb7038fa2e79f3a1](https://esc.elastos.io/tx/0x91f0ddeedf9110fac4ea90bfe5a7d2e8cec765dc572eb209eb7038fa2e79f3a1/token-transfers)

## Auto-Staking Performance Fee Burns

<table><thead><tr><th data-type="number">Burn #</th><th>Date</th><th>GLIDE Burned</th></tr></thead><tbody><tr><td>1</td><td>29 Nov 2021</td><td>5,512</td></tr><tr><td>2</td><td>15 Jan 2022</td><td>8,213</td></tr><tr><td>3</td><td>2 Feb 2022</td><td>17,094</td></tr><tr><td>4</td><td>6 March 2022</td><td>7,018</td></tr><tr><td>5</td><td>5 April 2022</td><td>5,232</td></tr><tr><td>6</td><td>29 Jun 2022</td><td>6,420</td></tr><tr><td>7</td><td>23 September 2022</td><td>5,872</td></tr><tr><td>8</td><td>13 November 2022</td><td>5,124</td></tr><tr><td>9</td><td>26 March 2023</td><td>7,899</td></tr><tr><td>10</td><td>13 September 2023</td><td>15,258</td></tr></tbody></table>

#### Tx IDs

Burn #1: [0xbe6487e18708a03b316477179e5909d54962f1e737a7769e37d4a6bf70c4ff00](https://esc.elastos.io/tx/0xbe6487e18708a03b316477179e5909d54962f1e737a7769e37d4a6bf70c4ff00/token-transfers)

Burn #2: [0x4328ee06dd8cfc50a22b1e5c60ab55d6d6c75e27709cf836376bfab7ba73b8fb](https://esc.elastos.io/tx/0x4328ee06dd8cfc50a22b1e5c60ab55d6d6c75e27709cf836376bfab7ba73b8fb/token-transfers)

Burn #3: [0x0748ce46c858a634eba5ebe5e512a4c7243c8a2191524c215f60ebb221f9ae6d](https://esc.elastos.io/tx/0x0748ce46c858a634eba5ebe5e512a4c7243c8a2191524c215f60ebb221f9ae6d/token-transfers)

Burn #4: [0x5ed2127fe36ac047f181eb610e2f72798df80dc7bf81d150568f875e5fe16bf8](https://esc.elastos.io/tx/0x5ed2127fe36ac047f181eb610e2f72798df80dc7bf81d150568f875e5fe16bf8/token-transfers)

Burn #5: [0x0d947154f65b0d20b9e671a87932838fd7bc832980baceb2427cbddfa0f27ae6](https://esc.elastos.io/tx/0x0d947154f65b0d20b9e671a87932838fd7bc832980baceb2427cbddfa0f27ae6/token-transfers)

Burn #6: [0x7c40dae5c9170a9b9f5eb0c77e63d56b08144ce51857fed6bd34b910e20ed44f](https://eth.elastos.io/tx/0x7c40dae5c9170a9b9f5eb0c77e63d56b08144ce51857fed6bd34b910e20ed44f/token-transfers)

Burn #7: [0x1e1c990b32161b882fd143085c514b75224cb2e3c068ac174854031891d1cdef](https://esc.elastos.io/tx/0x1e1c990b32161b882fd143085c514b75224cb2e3c068ac174854031891d1cdef/token-transfers)

Burn #8: [0x193681cb569ff46b5664221c1a54289bff0a647d5aff98a287b386592bb51e69](https://esc.elastos.io/tx/0x193681cb569ff46b5664221c1a54289bff0a647d5aff98a287b386592bb51e69)

Burn #9: [0x9bb8ef37b1d719f04c48bf7a7196fe5aee74674e47ced01c331a53b6cee72ff9](https://esc.elastos.io/tx/0x9bb8ef37b1d719f04c48bf7a7196fe5aee74674e47ced01c331a53b6cee72ff9/token-transfers)

Burn #10: [0x980ba5cc177f9252fd97516bb4cc1382d1b05c0b7807564e2c2723df27bb649e](https://esc.elastos.io/tx/0x980ba5cc177f9252fd97516bb4cc1382d1b05c0b7807564e2c2723df27bb649e/token-transfers)

## Phantz Royalty Burns

| Burn # | Date         | GLIDE Burned |
| ------ | ------------ | ------------ |
| 1      | 5 April 2022 | 14,192       |

Tx IDs

Burn #1: [0x4fba748102b62c8bff320ee81b5294435f14582a6f7b3a8114cbab7b82113e52](https://esc.elastos.io/tx/0x4fba748102b62c8bff320ee81b5294435f14582a6f7b3a8114cbab7b82113e52/token-transfers)


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.glidefinance.io/tokenomics/proof-of-burn.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.