Burn & Fee Mechanism
When a recovery transaction is triggered:
A fixed $KNOX fee is staked into the system.
1% of the recovered assets' $KNOX value is burned.
50% of the remaining fee goes to the DAO treasury, and 50% goes to the protocol development fund.
The burn transaction is sent to a fixed on-chain burn address.
Maximum reserve allocated for burning: 15M $KNOX (10% of the total supply).
This system provides both a deflationary structure and deters spam.
Last updated