Burn Mechanism
Overview
The $PYRA burn mechanism is a core deflationary feature of the Pyra Chain ecosystem, designed to permanently reduce circulating supply across both Solana and Pyra Chain networks simultaneously. Every burn event is synchronized in real time, ensuring the 1:1 peg between $PYRA on Solana and $PYRA on Pyra Chain remains intact.
Goal: Decrease total $PYRA in circulation → increase scarcity → boost value per token Key Principle: The higher the network activity - the greater the burn - the stronger the token value.
Burn Sources
A portion of ecosystem fees contributes directly to burning. These fees are sent to a null address and removed from circulation on both chains.
| Source | Burn Rate | Total Fee |
|---|---|---|
| Launchpad Swaps | 1% of each swap | 2% (1% burn + 0.5% creator + 0.5% validators) |
| DEX Swaps | 0.8% of each swap | 2% (0.8% burn + 0.5% creator + 0.5% validators + 0.2% protocol) |
| Migration Fees | 5% of bonding curve | Split between burn and validators |
| Token Creation Fees | 100% of creation fee | 1,000 $PYRA (fully burned) |
Synchronous Burning: How It Works
When a fee is generated on either network:
- The fee is collected in $PYRA.
- The exact amount is burned on Pyra Chain.
- The same amount is burned on Solana via bridge protocol.
- Supply decreases identically on both chains.
- 1:1 peg preserved. No arbitrage. Full transparency.
This process is on-chain and verifiable in real time via the Pyra Chain Explorer.
Real-time burn statistics are available at pyrachain.io/vaults.