Proof of Burn
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:
Burn # | Date | GLIDE Burned | USD Amount |
|---|---|---|---|
1 | 15 Jan 2022 | 5,030 | $1,782 |
2 | 2 Feb 2022 | 26,069 | $15,600 |
3 | 6 March 2022 | 16,682 | $7,017 |
4 | 17 March 2022 | 8,141 | $2,442 |
5 | 5 April 2022 | 10,587 | $2,435 |
6 | 29 June 2022 | 110,891 | $5,211 |
7 | 23 September 2022 | 82,344 | $1,814 |
8 | 13 November 2022 | 62,009 | $1,116 |
9 | 26 March 2023 | 100,347 | $1,605 |
10 | 13 September 2023 | 164,124 | $1,345 |
Burn # | Date | GLIDE Burned |
|---|---|---|
1 | 29 Nov 2021 | 5,512 |
2 | 15 Jan 2022 | 8,213 |
3 | 2 Feb 2022 | 17,094 |
4 | 6 March 2022 | 7,018 |
5 | 5 April 2022 | 5,232 |
6 | 29 Jun 2022 | 6,420 |
7 | 23 September 2022 | 5,872 |
8 | 13 November 2022 | 5,124 |
9 | 26 March 2023 | 7,899 |
10 | 13 September 2023 | 15,258 |
Burn # | Date | GLIDE Burned |
|---|---|---|
1 | 5 April 2022 | 14,192 |
Tx IDs
Last modified 9d ago