Synthra Finance burns about 2M POLL, cumulative total nears 7% of supply
- —About 2 million POLL burned in the first weekly buyback program
- —Cumulative burned tokens near 7% of total supply
- —Buyback funded by protocol revenue
- —Purchase amount and transaction details were not disclosed
Why it matters: Removing nearly 7% of supply tightens token scarcity, though the undisclosed purchase size makes the price impact hard to gauge.
Source: TokenPost