We burned 101,000,000.00 (101M) DSLA last week 🔥
Edition #3 was a success
We came, we saw, we burned!
101,000,000.00 (101M) DSLA tokens were burned during Bonfire Burn Event #3! 🔥
The fires have been stoked and we are as well.
Edition #3 Proof of Burns
101,000,000.00 DSLA ERC20 tokens were burned on Jan 21 2022:
Edition #3 Impact
The DSLA Bonfire Burn Event #3 results in a reduction of the DSLA total supply to 5,709,763,023.00 DSLA.
Edition #4 Date
🔥 DSLA Bonfire Burn Event #4
🗓 To Be Announced / TBA
This event will be announced at a later stage.
The Future of Burns
New Native Burn Mechanism
Up until now, DSLA tokens were burned upon SLA verifications, a core maintenance task of DSLA Protocol.
In 2022, DSLA tokens will be burned for completing other maintenance tasks.
In the DSLA Metaverse, NFT will be minted using DSLA tokens.
A fraction of the DSLA Metaverse minting fees will be burned forever.
DSLA Protocol v2.0 - Claiming Fees
DSLA Protocol charges a claiming fee, upon withdrawing (accrued) liquidity from a SLA contract.
A fraction of the DSLA Protocol claiming fees will be burned forever.
DSLA Protocol v2.0 - Trigger Fees
As a Risk Management Middleware, the scope of DSLA Protocol goes beyond claims and the economic settlement of third-party service failures.
This year, we are introducing a new iniative called DSLA Triggers.
It will enables new, powerful outcomes following SLA verifications:
- Account termination
- Account update
- Account migration
- Risk Parameters Update
- Compliance Reporting
Ready for next generation deflation?
In all cases, an exponential usage of DSLA Protocol will translate into an exponential burn of DSLA tokens reflecting this reality.
💡 DSLA Protocol
Risk Management Middleware
An application and network middleware for managing vendor risk using community-enforced service level agreements.
👉 Get started at dsla.network
👉 Read more at stacktical.com
👉 Check our blog at blog.stacktical.com
👉 Start Building at readme.stacktical.com