#UFT #TokenBurn #Staking
UFT token burn: 30% of Protocol flash loans fees will be used to acquire & burn UFT upon our mainnet launch on March 30th! 🔥
💎 We will initiate a token burn mechanism alongside the launch of our flash loans product this month, reducing the supply of UFT while rewarding UFT stakers!
✅The UniLend flash loan fee of 0.05% will be divided as follows:
• 70% will be rewarded to Token stakers
• 30% will be used for market buying UFT, which we will then burn
🚀 If we achieve a similar amount of traction as Aave’s flash loans (which are much less competitive compared to ours), this would result in over $1.7 Mn worth of fees every year.
💥 Say hello to a DeFi governance token jam packed with functionality and deflationary in nature!
🌐 Token burn details: https://rb.gy/aoh7go
🗣 Spread the word: https://twitter.com/UniLend_Finance/status/1374745774156783616
👥 Join us on social media:
Telegram / Announcements / Twitter / Reddit
UFT token burn: 30% of Protocol flash loans fees will be used to acquire & burn UFT upon our mainnet launch on March 30th! 🔥
💎 We will initiate a token burn mechanism alongside the launch of our flash loans product this month, reducing the supply of UFT while rewarding UFT stakers!
✅The UniLend flash loan fee of 0.05% will be divided as follows:
• 70% will be rewarded to Token stakers
• 30% will be used for market buying UFT, which we will then burn
🚀 If we achieve a similar amount of traction as Aave’s flash loans (which are much less competitive compared to ours), this would result in over $1.7 Mn worth of fees every year.
💥 Say hello to a DeFi governance token jam packed with functionality and deflationary in nature!
🌐 Token burn details: https://rb.gy/aoh7go
🗣 Spread the word: https://twitter.com/UniLend_Finance/status/1374745774156783616
👥 Join us on social media:
Telegram / Announcements / Twitter / Reddit