PolyShield
  • 🔰Introduction
  • 🔗Official Links
  • FEATURES
    • 🛡️ The SHI3LD Token
    • 🧮Variable Emission Rate
    • 🔥Public Burn Function
    • 🌾PolyShield Farms
    • 🗝️ PolyShield Vaults
    • ♻️ NFT Multiplier System
  • OVERVIEW
    • 🗺️ Our Roadmap
  • SECURITY
    • ☑️ Audits
    • 📝Smart Contracts
    • ⏱️Time Lock Management
  • RESOURCES
  • Whitepaper
  • Getting Started Quickly
  • How to Connect to the Polygon Network
  • How to Bridge Tokens From Ethereum to Polygon
  • Binance Completes Polygon Wallet Integration
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  1. FEATURES

Public Burn Function

Everybody loves burning tokens.

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Last updated 3 years ago

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It has become somewhat of a standard in DeFi yield farms where 10% of all minted tokens emitted into supply go directly (or indirectly) to the dev team. At PolyShield.Finance, things are a little different.

Our dev team does not receive any share of the minted SHI3LD tokens. Instead we chose to direct 10% of all minted tokens to a burner contract that has only one function:

  • to allow anyone to burn the current amount of tokens pending to be burned

A provision has been added to the MasterChef contract that will split this 10% into 5% for burning and 5% to go towards the NFT system when it is implemented as part of the product roadmap.

🔥
Burning SHI3LD is easy. Why not give it a try.