We are excited to announce that we have partnered with
@sanctumso
to release a new fiery LST! 🔥🤝☁️
Introducing BurnSOL -
An LST with the goal and initiative of burning Solana ecosystem tokens using staking yield.
Thread Below🧵👇🏻
🚀 Exciting Partnership Announcement! 🚀
BurnDAO is thrilled to announce our new partnership with
@SolanaFM
! 🔥🤝🔍
SolanaFM will be the official explorer for BurnDAO, providing seamless and transparent access to all our transactions and activities on the Solana blockchain.
/ Is BurnSOL safe?🔒
BurnSOL is powered by the SPL stake pool program and
@sanctumso
.
It is one of the safest programs in the world - audited 9 times and used by the largest stake pools on Solana.
The program has secured more than $1.5B of staked SOL over more than two years 🤯
5/ Conclusion 💡
BurnSOL is a game changer for how we should think about yield and where it should go.
More Info can be found here - 📚👇🏻
🔥🔒Stake Now -
End 🧵
3/ Why BurnSOL is cool? 😎💪🏻
By Staking with BurnSOL, you contribute to the larger burning of project tokens which helps deflate their supply and thus creates a stronger economic ecosystem within Solana.
Burn campaigns are voted upon by holders of BurnSOL.
The DAO and community will work alongside projects to host buy and burn campaigns for their tokens.