LavaSwap Burning Mechanism: Let Them Burn! 🤩🔥😲🌋

In our very first blog, we talked about our Burning Mechanism: https://lavaswap.medium.com/flame-on-lava-swap-is-imminent-1960ef131702

Now is a good time to review it, with LavaSwap surpassing $200m in TVL last week and currently at $65m+ TVL!

Trading Fee and Token Burn System

A 0.3% fee on all trades will be collected and redistributed to benefit the Lavaswap ecosystem. 0.25% will be added to the liquidity pool and accrued in real time. The fees are claimed automatically when withdrawing your liquidity. 0.025% will be used to buyback and burn LAVA, and another 0.025% will be used to continue innovation and further development.

That means that 8.3% of all fees on all trades will be used to buy and burn LAVA! 😲🔥🔥🔥

It is a way to give back to the community for their amazing support!

Check out our latest Token Airdrop & Pool: SKM https://lavaswap.medium.com/the-next-heco-token-airdrop-pool-on-lava-is-skm-2d24595ec8f3

LavaSwap is flaming hot! Don’t miss out and stake now: https://lavaswap.com/

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LAVA is a the first interoperable decentralized cross-chain swap protocol powered by Huobi Eco Chain. We believe that DeFi should be fun and easy to use for everybody.

Be sure to follow us on Twitter, Telegram, and Medium for the latest LAVA news!

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