Deflationary Mechanisms
Last updated
Last updated
A share of the is dedicated to buying back and burning BLS in order to apply continuous buying pressure to it.
When converting xBLS to BLS, if the vesting duration isn't the maximum, the xBLS:BLS ratio will be lower than 1:1, down to a minimum of 1:0.5. All of the BLS excesses will be automatically burned.
When deallocating xBLS from a Plugin, a deallocation tax is applied. It can vary between contracts, but will usually be 0.5%.
The corresponding BLS amount will automatically be burned.