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Public Burn Function
Everybody loves burning tokens.
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
Burning SHI3LD is easy. Why not give it a try.
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.