FLARE
  • Flare: The OFT Hyper-Deflationary Protocol on TitanX
  • Flare Minting and Auction Process
  • Mint Allocation and Ratio
  • Liquidity Pool Creation
  • Daily Auction Pool Mechanics
  • Buy & Burn Mechanics
  • Buy/Sell Tax
  • Conclusion
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Daily Auction Pool Mechanics

The Daily Auction Pool is supported through a combination of the weekly mints, daily auctions, and buy/sell taxes on every transaction.

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Last updated 3 months ago

Weekly Mint X28 Allocation to Auctions:

  • 48% of X28 from each weekly mint is used to buy Flare solely from the X28/Flare pair, and is deposited into the Daily Auction Pool bought up over the following day. The Daily Auction Pool will start with 1Trillion Flare to promote longevity.

Daily Auction X28 Allocation:

  • 48% of X28 from daily auction participation is used to buy Flare solely from the X28/Flare pair and is deposited into the Daily Auction Pool. Bought up over the following day.

Distribution Schedule:

  • During Mint Phase: 11% of the pool is used daily for auctions.

After Mint Phase: 5% of the pool is used daily for auctions.