Burning $DXBL
What is the process of redeeming value from the $DXBL I hold?
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.
Last modified 1mo ago