> For the complete documentation index, see [llms.txt](https://docs.glidefinance.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.glidefinance.io/tokenomics/proof-of-burn.md).

# 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)


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