NEU Burner

Address: 0x744C608414AC47Be584B05D32A3451264cef177B


In order to make a transition to deflationary tokenomics, a portion of the Treasury will be deployed to the nGLP vault. The rewards from this managed funds will be used to buy NEU tokens from the market and burn them.

As you know, our nGLP vault gives 2 types of rewards: DAI and esNEU.

  • DAI rewards will be used to buy back NEU tokens from the market.

  • esNEU rewards will be burned.

  • Same amount of NEU as the esNEU amount from rewards will be burned.

    *These NEU are burned as esNEU pair tokens for vesting.

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