Zyberswap
  • 👋Introduction
  • ♾️Roadmap
  • KEY FEATURES
    • 🪙Token Swap
    • 💧Liquidity Pools
    • 🚜Yield Farms
    • 🔥Burning Mechanism
    • 🌉Bridge and Cross-Chain Swaps
    • 🗽Governance Voting
    • 👥Referral Program
    • 🩸Concentrated Liquidity
    • 🏃‍♂️Active Liquidity Management
  • TOKENOMICS
    • ⚡ZYB Token
    • 🪙sZYB Token
  • LAUNCHPAD
    • 🚀#1 - AutoDCA
    • 🚀#2 - Synthswap
    • 🚀#3 - Brightpool Finance
    • 🚀#4 - Hextopus
  • Get Started
    • 🛠️Getting Started
      • 1️Connect Wallet
      • 2️How to Swap
      • 3️How to add Liquidity
      • 4️How to Farm
      • 5️How to Stake ZYBER Earn ETH
      • 6️How to use Vaults
      • 7️How to remove Liquidity from 3pool
  • 🌊Concentrated liquidity - V3
    • 1️⃣How to add Liquidity?
    • 2️⃣How to Farm?
    • 3️⃣How to remove Liquidity?
    • 📺Video tutorial - Farming
    • 🏃‍♂️How to use ALM in v3
    • 1️How to Add Liquidity to Gamma pools
    • 2️How to deposit Gamma LP to Farm
    • 3️How to remove Gamma LP
  • 🪙Staked ZYB - sZYB
    • Ⓜ️How to Migrate to sZYB
    • 💵How to Allocate sZYB to Profit Sharing and Collect Rewards
  • SECURITY
    • 📄Smart Contracts
    • 🔐MasterChef Timelock
    • 👮Audit
  • COMMUNITY
    • 🟣Discord
    • 🔵Twitter
    • 🌈Zealy
    • 📨Telegram Main
    • 📩Telegram Announcements
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  1. KEY FEATURES

Burning Mechanism

Removing $ZYB tokens from circulation

PreviousYield FarmsNextBridge and Cross-Chain Swaps

Last updated 2 years ago

What is Burning?

Token burning is a mechanism used to reduce the total supply of the $ZYB tokens. The basic idea is to permanently remove some of the tokens from circulation, which can potentially increase the value of the remaining tokens.

Token burning is achieved by sending tokens to an address where they can never be accessed again, such as a "burn address" or a contract that is programmed to reject any attempt to transfer or access the tokens.

Zyberswap has implemented an automatic burning mechanism, where a portion of protocol fees is used for buying $ZYB tokens back from the market and sending them to the address on the Arbitrum One network.

Detailed information regarding burns can be found on

🔥
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Zyberswap's Burn Dashboard.