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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

Tx IDs

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

Tx IDs

Phantz Royalty Burns

Burn #
Date
GLIDE Burned
1
5 April 2022
14,192
Tx IDs