🔥Deflationary Mechanism

Updating

In addition to the $RAIB hardcap, we've implemented deflationary measures to reduce the overall supply:

Buyback & Burn: A portion of protocol earnings are allocated to buyback and burn $RAIB continuously, exerting upward pressure on its value.

$xRAIB Redemptions: When converting $xRAIB to $RAIB, if the vesting period is less than the maximum, the $xRAIB to $RAIB ratio will be less than 1:1, ranging down to a minimum of 1:0.5. Any excess $RAIB will be automatically burned. For instance, if a user redeems 1000 $xRAIB with a minimum 15-day vesting duration, they will receive a 1:0.5 ratio, resulting in 500 $RAIB. This means that 500 $RAIB will be burned in the process.

$xRAIB Deallocation: When deallocating $xRAIB, a deallocation tax, typically 0.5%, is applied. The equivalent amount in $RAIB will be automatically burned.