🌪️Humo Burn Mechanics
HUMO is the Consistent time-based EmberCore Engine.
The EmberCore contract function removes 1% of the total liquidity in the pool by sending HUMO tokens to the burn address. The ETH on the other side of the pool is sent to the FUEGO DAO pairing wallet and used to MARKET BUY 25% HUMO and MARKET BUY 75% of Solidly tokens for LP and FUEGO incentives. This effectively keeps the buy-side liquidity, and removes the sell-side liquidity. This also continues to build the Treasury with the FUEGO token, along with its future trade fee earnings.
Every 12 Hours
For eternity
HUMO/ETH POOL (Protocol Owned Liquidity - POL)
This is the initial liquidity pool for HUMO. A novel aspect of the burn mechanism is that the FUEGO tokens are constantly removed from this liquidity pool on a fixed schedule (Every 12 hours at 1%), but the counterpart Ethereum for those burned tokens is kept (and converted in the Treasury). Because of this, the buy-side liquidity is usually heavier than the sell-side liquidity.
100% of the counterpart ETH of HUMO tokens from the 1% burns in this pool are added to the FUEGO DAO owned LP’s and spot, along with all ETH fees. No 10% of these transactions are paid to the Fuego Team - like as in the Fuego intervals.
1% of the HUMO and all of the HUMO tokens generated by the POL fees are instantly burned at each interval.
HUMO/BASE TOKEN LP (Pairing Pool Treasury)
HUMO creates a large liquidity pool with FUEGO and also with VELOCITY. It also creates liquidity with PEAS, fBOMB and cbBTC over time. With this, HUMO becomes collateralized by these tokens - instead of ETH. Similarly, these other tokens are also backed and collateralized by HUMO.
The FUEGO/HUMO pool will be the heartbeat of the protocol after the first several months have passed. A contract will be created for this pool to autonomously manage the complexities of the wide and CL pools that will eist to maintain a balance between the two - and burn tokens forever when they must be arbitraged for the benefit of the trasury.
The LP has been locked indefinitely.
The HUMO contract ownership is 100% renounced.
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