LogoLogo
  • Start Here
    • Use Cases
    • Fees
    • Integrated DEXs
    • Submitting an Order
    • Available Tokens
    • Post-Order Analytics
    • Setting Up Notifications
    • Managing DeFi Strategies
    • Smart Order Router (SOR)
    • Terminology
  • Referrals
  • Order Types
    • Dexible's Order Types
      • Segmented Market
      • TWAP
      • Limit
      • Take Profit
      • Stop Loss
      • Trailing Stop
      • Stop Limit
  • DXBL
    • DXBL & Proof of Trade Litepaper
      • Proof of Trade
      • Minting Rate
      • Supply Mechanism
      • Burning $DXBL
      • DXBL Discount
      • Summary
    • DXBL Technical Paper
      • Smart Contract Architecture
      • Design Principles
      • Proxy Pattern
      • Change Process
      • Multisig Approach
      • Configuration
      • Community Vault Contract
      • Dexible Contract
      • DXBL Token Contract
      • Arbitrum Gas
    • DXBL FAQs
      • $DXBL Contract Addresses
      • $DXBL Questions
      • Protocol Mechanics
      • Trader Questions
      • Miscellaneous Questions
    • Terminology
    • Audit & Contract Addresses
  • Support
    • Changelog
    • How to Participate
    • FAQs
  • Miscellaneous
    • Dexible Press Kit
    • 🔗Resource Links
      • Blog
      • Help
      • Academy
    • 🔗Important Links
      • Terms Of Service
      • Privacy Policy
      • Dexible SDK
    • 🔗Community Links
      • Twitter
      • Telegram
      • Discord
      • Youtube
      • Medium
Powered by GitBook
On this page

Was this helpful?

  1. DXBL
  2. DXBL & Proof of Trade Litepaper

Burning $DXBL

What is the process of redeeming value from the $DXBL I hold?

PreviousSupply MechanismNextDXBL Discount

Last updated 2 years ago

Was this helpful?

As trading activity goes through the protocol, the Community Vault grows at a linear rate within the set range of $200-$400 for every $1,000,000 traded, depending on applicable discounts. This growth in the Community Vault is thus directly tied to the volume in the platform.

Every integrated blockchain has its own Community Vault, $DXBL token, and volume.

$DXBL token holders can redeem their tokens on the Earn Dashboard. Traders will redeem their $DXBL for an equal amount of a Vault Token of their choice. To protect against redeeming an insufficient supply of the Vault Tokens, a slippage tolerance will prevent the trader from trying to redeem. Another redemption token will be suggested in those cases. These vault tokens provide a flexible and convenient way for token holders to participate in the success of the protocol and to realize their share of the Community Vault's growth.

The value of each $DXBL token is determined by the Net Asset Value (NAV) of the Community Vault, which can be calculated as:

This calculation provides a clear and transparent measure of the token's value. It allows token holders to track the protocol's performance and make informed decisions about the health and trajectory of the protocol.

Text

Description automatically generated