3rd Buyback & Burn
VaultCraft’s 3rd VCX dual-burn cycle is complete
Published in
Apr 9, 2024
The third buyback and burn with burn matching is complete!
Highlights a/o April 9, 2024
- 51.3 ETH (tx link) in VaultCraft revenue used to buyback 2,951,274 VCX
- 2,412,480 oVCX matched to burn
- 12,883,382 oVCX cumulatively redeemed
- 2.23% of total minted VCX has been burned
- Total VCX burned is now 19,270,519 (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
