2nd VCX Buyback & Burn

VaultCraft’s VCX dual-burn mechanism is🔥

The second buyback and burn with burn matching is complete!

Highlights a/o March 6, 2024

• 39.8 ETH (tx link) in VaultCraft revenue used to buyback 2,238,829 VCX
• 2,830,131 oVCX matched to burn
• 10,025,301 oVCX cumulatively redeemed
• 1.61% of total minted VCX has been burned
• Total VCX burned is now 13,906,765 (Etherscan)

[PIP-30] Create VCX burn to match oVCX redemptions

https://forum.vaultcraft.io/t/pip-30-create-vcx-burn-to-match-ovcx-redemptions/1129

[VIP-34] Revenue to be used for VCX buybacks & burns

https://forum.vaultcraft.io/t/vip-34-revenue-to-be-used-for-vcx-buybacks-burns/1150

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