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:

Buyback & Burn Records

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
11	27 December 2023	86,493	$6,054

Tx IDs

Burn #1: 0xbe6487e18708a03b316477179e5909d54962f1e737a7769e37d4a6bf70c4ff00

Burn #2: 0x35785a35747291e3c9b5e1c285396f7b9d50d967a46fe853443c194c561973a1

Burn #3: 0x3b16eae450869a3bd641ae515b3cfd889d7ca687e2122f07909620e979e7d16e

Burn #4: 0x52e3438f6efca8452b77a2d6546dcc8f1d0f5c080e400c5568653d2f86845895

Burn #5: 0x7b1e9b69845203ef2b60dbca5d7a527629383c0059af1c7b340d6ec2ba86d132

Burn #6: 0x51cfa7d86ff569a76abb8a5a324b3ed0007b6a2cab78244d5a0c8c035d6b8295

Burn #7: 0xe3ba300db041ab3c32166c9edb327951eca5496896c32ab93f1773b0bf23c16a

Burn #8: 0x6b3009354589adbb318f7d4ae8ea83af4be01f1209e85b0e129ce16d0a02eee7

Burn #9: 0x3eabb801bbeeb6b6a8e304c1a420c68483f413037d0c57a7f7a4842dbd9cb0e1

Burn #10: 0x1ae5b4dbdfc375f215d9127e843d963595aa6522be376ff1dcde0f939d493bb8

Burn #11: 0x91f0ddeedf9110fac4ea90bfe5a7d2e8cec765dc572eb209eb7038fa2e79f3a1

Auto-Staking Performance Fee Burns

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