@toadyhawk.eth

Over the past two years, Hyperliquid has proved out something important: When a protocol generates real revenue, using a portion of that revenue to reduce total supply can be a powerful way to align the community longterm, even more impactful and memetically meaningful than proportional revenue share. Inspired by their tokenomic success, today we’re introducing… the BETR Burn Program. 🔥 Effective immediately, staking yield on @betrmint will be capped at 2% APR, rather than fluctuating with app revenue. Since day one, every $BETR token distributed through our staking portal has been purchased by us on the open market as part of our in-app flywheel. In fact, we have distributed almost 6% of the total supply to our most loyal stakers since launch. There have never been token emissions or inflationary rewards, and that part isn’t changing. What is changing is where many of those purchased tokens will go… STRAIGHT INTO THE BONFIRE. 🔥 Instead of distributing every reward token to stakers, we’ll continue paying our loyal stakers 2% APR on their deposits, while using the excess to consistently buy and permanently burn $BETR. Staking tiers will continue to unlock the same in-app and community perks they do now. Overall, we believe this will create an even stronger flywheel for the BETR ecosystem. 🔥 Sustainable staking rewards 🔥 Continued open-market buying driven by app revenue 🔥 A steadily shrinking supply 🔥 Greater value accrual for every long-term holder And to kick things off, we just bought and burned 1% of the total BETR supply!!! 🔥🔥🔥 This isn’t a one-time event, but rather the first step in a long-term commitment to making the BETR token increasingly scarce, while maintaining the same buy-side demand generated by the protocol, and all the while helping artists and creators find meaningful distribution onchain through the BETRMINT app. Let’s keep winning together. 💪 betrliquid.

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