OX is a deflationary multi-chain asset which is burned daily by OXFUN, constantly reducing the total supply. You can track the ongoing OX burn on our Analytics pages.
Since OXFUN’s launch in January 2024, we have burned 100% of trading fee revenue, except for a brief period between March 20, 2024, and June 13, 2024, when fees were distributed to users participating in OX staking. We later introduced partial fee distribution while ensuring that at least 50% of fees continued to be burned.
At one point, the burn rate suggested that nearly 100% of the supply would be burned by the end of 2025.
On December 10, 2024, we began allocating 5% of revenue to Leaderboard rewards, which was reduced to 2.5% on March 1, 2025.
Starting January 21, 2025, more than a year after launch, we began distributing a portion of revenue to Aerodrome OX pools as an incentive. Initially, 5% of revenue was allocated to Aerodrome OX LPs, increasing to 10% on February 10, 2025, 15% on February 28, 2025, and 17.5% on March 1, 2025.
Since February 10, 2025, 30% of fees have been distributed as OLP rewards.
The Analytics page shows all daily burn transactions. You can see them also directly on a chain explorer. The burn never stops.
The current address used on Ethereum network for burns is 0xDC3C8b8586E40adce89E574815F1fe83b7D2F566.
The same address is used for Aerodrome incentives on Base.