We burned 101,000,000.00 (101M) DSLA last week πŸ”₯

DSLA Core Team
Written by DSLA Core Team
We burned 101,000,000.00 (101M) DSLA last week πŸ”₯

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! πŸ”₯

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

πŸ”₯ DSLA Bonfire Burn Event #4
πŸ—“ 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.

DSLA Metaverse

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.

πŸ’‘ DSLA Protocol

Risk Management Middleware

An application and network middleware for managing vendor risk using community-enforced service level agreements.

πŸ‘‰ Get started at dsla.network

πŸ‘‰ Read more at stacktical.com

πŸ‘‰ Check our blog at blog.stacktical.com

πŸ‘‰ Start Building at readme.stacktical.com

DSLA Core Team

DSLA Core Team

The team behind DSLA Protocol, and the DSLA family of products.