🔥Deflationary Mechanism

Updating

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

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

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

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