Swap&Burn

1. What is SLD Swap and Burn?

SLD Buyback and Burn is the method Shield uses to capture value to the SLD token. SLD token holders can choose to trigger this contract any time they prefer, to swap their SLD tokens for stablecoins.

2. Can I swap my SLD rewards for stablecoins?

Yes, SLD rewards from Liquidity Mining can be used in the buyback-burn smart contract. The SLD you receive through Liquidity Mining carries the same properties as the SLD emitted through other methods.

3. What will happen to the SLD bought back?

Once the SLD is swapped for a stablecoin in the pool, the corresponding SLD will be “burned” by the smart contract (Hence the term, swap & burn). In other words, the corresponding SLD token will cease to exist. This creates a Deflationary trend, and increases the value of SLD tokens in the long run.

4. What stablecoins can I swap my SLD rewards for?

You may choose to swap your SLD for any of the stablecoins available in the fee pool. These stablecoins include DAI, USDC, and USDT at the moment.

5. How many stablecoins will I receive for my SLD token?

The amount of stablecoins you receive is automatically calculated by the Swap&Burn smart contract, using the following formula:
Stablecoin received = SLD used for buyback * Total stablecoin pool / 10% SLD supply
Last modified 5mo ago