▪️$LOCK Weekly Burn
Sustainable Yields and Deflationary Model
The Staking Program aims to provide sustainable yields to $LOCK holders. We're additionally adopting a deflationary approach, enhancing $LOCK's value through a program of consistent $LOCK burns.
Weekly Burns
20% of LOCK Tokens from Withdrawal Penalty Fees will be burnt weekly.
Additional Burns
Over 7,700,000 LOCK tokens (more than 7.7% of total supply) previously bought back are being burnt in a schedule of 150,000 $LOCK per week as part of the program.
▫️Deflationary MechanicsLast updated