LP burning will be done by making announcements in stages.
🔥PHASE 1:
25% of LP tokens will be burned 1 hours after launch. https://snowtrace.io/tx/0xe236d27b9331f27fe633b1c6d6e6397531546e38ff41b7138a01e88fde57dd40
🔥PHASE 2:
Of the remaining 75%, 100% will be burnt 12 hours after launch. https://snowtrace.io/tx/0xd46f1a0d288424a28b8be72f699d1cf0c56fd60130dc367fd637a1f5c83c12da
HOW DOES THE POOL WORK?
Why Deposit Liquidity into a Liquidity Pool?
Users do this so they can earn a share of the trading fees by depositing a pair of tokens into the LP (also known as "adding liquidity"). Users will receive an LP token, representing their share of the LP and that share of the LP entitles them to a proportionate share of any fees accrued. Read more: https://support.traderjoexyz.com/en/articles/6707988-joe-v1-liquidity-pools
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