Over the last five days, we've used 150 ETH produced by our virgin sacrifice to market buy and burn almost 85 million STACY (~$1

17 Dec 2020, 22:52

Over the last five days, we've used 150 ETH produced by our 🔥 virgin sacrifice 🔥 to market buy and burn almost 85 million STACY (~$100K USD): Combined with the initial burn from virgins withdrawing their LPs, around 240M STACY (~24% of the supply) has been burnt over the last week. Needless to say, STACY has been partying pretty hard this week. But it wouldn't be a great party without an afterparty, so now its time to finally reset the supply of STACY back to what it should be without the pop cherry minting bug. This means another 323 million STACY will be drained from the STACY/ETH Uniswap pool and the price of STACY will finally begin increasing by 1% each day as originally intended. To properly reward current STACY/ETH LP providers by ensuring liquidity for their vested STACY rewards, this supply correction will be done in stages over the next 6 months. The first correction of ~54 million tokens will be done today. New contracts will be deployed shortly - those who wish to inspect the wrapper contract can do so here: Coming up soon - the reveal of the next NFT in our chadvolution governance series as well as the release of our highly anticipated NFT staking feature (and associated STACYs of DeFi NFTs :eyes:)