Deflationary Mechanisms

At Eris, we've implemented deflationary mechanisms aimed at bolstering the value of our native token, $ERS, and rewarding our token holders.

Buyback and Burn:

10% of the fees generated by the protocol will be used for automatic Buyback & Burn operations. These fees will be used to purchase $ERS tokens from the market, subsequently reducing the circulating supply through burning.

$xERS Redemption:

When converting from $xERS to $ERS, if the vesting duration is below the maximum limit, the xERS:ERS ratio will be reduced, reaching a minimum of 1:0.5.

Any extra xERS tokens will undergo automatic burning.

One more thing:

Additionally, a portion of the funds raised will be allocated to lending on our platform, contributing to liquidity provision and participating in the liquidity mining program. The tokens obtained through this process will also be subject to burning, further reducing the token supply.