Deflationary Mechanisms
At present,
- STN token is held for voting & governance✍
- STN tokens will be issue as reward when minting stBNB & redeeming BNB
- When minting stBNB, 0.1% BNB will be deducted as staking fee. When redeeming BNB, 0.1% of stBNB amount will be deducted as unstaking fee, but user get extra STN as reward
- The stake fee and unstake fee will be collected into StoneBank communityTaxVault. These fees will be used to buy STN from Pancake swap, and the STN will be burned immediately.
- Governance token will provide the right to trigger the burn operations.
- STN token can be burnedto accelerate unstaking of liquid token from the validator nodes🔥
- STN token can be locked up to farm for more stBNB tokens.
Last modified 1yr ago