How SAFUU Protocol is Aiming To Make DeFi More Scalable and Sustainable - Deepstash

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Interesting new mechanism brought to market by SAFUU, I would stay away for a while until proved due to close enough resemblances with the Terra ecosystem, but one might just need a deeper dive into these mechanics to make a decision.

THENEWSCRYPTO

How SAFUU Protocol is Aiming To Make DeFi More Scalable and Sustainable

How SAFUU Protocol is Aiming To Make DeFi More Scalable and Sustainable

thenewscrypto.com

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Growth of the DeFi sector since 2017 (Image: DeFi Pulse)

Nonetheless, the future for the DeFi ecosystem remains bleak as there’s no telling whether the leading projects in the space can last long or whether they’ll be as beneficial and profitable as more users sign up and the platforms are more scalable. One of the most common solutions to ensure the D...

A rebase (or price-elastic) token is designed in a way that the circulating token supply adjusts (increases or decreases) automatically according to a token’s price fluctuations.

Key to maintaining sustainability despite the high APR is Safuu’s Fire Pit , which is a buyback-and-burn contract that reduces the circulating supply of $SAFUU tokens. According to the company’s website, 2.5% of all $SAFUU traded are burnt in the Fire Pit.

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