SteakBank Finance’s First SBF Token Buyback & Burn

Over 3 months, since we concluded our Initial Decentralized Offering (IDO), we managed to amass a total value locked (TVL) of $10,141,299.105! With an all-time high TVL of over $50M. 🚀.

We’re happy and excited to announce that we have completed our very first token buyback and burn.🔥
The SBF tokens that are bought back and burned from the fees collected can be seen here. As for the SBF tokens that are burned from speedup, so far they amount to 4,749,039 SBF.

This brings us to a total of 14,232,490 SBF tokens burned, including from buybacks conducted with collected fees and from and speed up. At the time of writing the total amount burned amounted to approximately 74,008.948 USD.

As SteakBank continues to build and introduce more features, the amount scheduled for buybacks and burn will continue to increase.

Things we are currently working on:

-CoinMarketCap Airdrop
- V2 Tokenomics
-Lending and borrowing arm
-Partnerships and more partnerships
-Exploring other chains that we can provide liquidity on for staked assets

We would like to take this opportunity to thank everyone for your support thus far and we look forward to sharing more updates!

About SteakBank Finance

SteakBank is a Binance Smart Chain (BSC) liquid staking platform. It allows derivative tokens to be issued on the BSC blockchain through the BEP20 standard. These representative tokens can then be used for liquidity farming or as collateral for decentralized lending, enabling users to earn multiple income streams from one single asset.

A simple yet powerful project, SteakBank aims to solve the liquidity issue found in the current DeFi sector.

Follow our channels!
Twitter: https://twitter.com/SteakBank
Telegram: https://t.me/steakbank_finance
Github: https://github.com/steakbankfinance
Medium: https://medium.com/steakbank