Burn Mechanics

ApeSwap’s goal is for BANANA to eventually become a deflationary token. In other words, the rate at which BANANA leaves circulation will be higher than the rate at which it’s created. ApeSwap has implemented several mechanics to regularly burn BANANA to manage the token’s inflation.

Weekly Protocol Burn

Along with the fixed manual burn, the weekly burn includes all other protocol burns that occur as a result of our normal operations and those of our burn partners. This is a variable amount that we include in our #BURNSDAY announcement on our social media channels.

Burn Partners

Partner projects like Growth DeFi, CryptoGuns, and burn BANANA in various ways as part of their relationship with ApeSwap.
Our Business Development team is always looking for more opportunities to partner with projects that would like to include burn mechanics - if you’re interested in learning more, visit the Partnerships page for more information.

Initial Ape Offerings

ApeSwap converts all GNANA raised during an IAO back to BANANA and then burns it.

GNANA Burn Fee

Users who convert BANANA to GNANA incur a 28% burn fee upon conversion.

GNANA Reflect Fee Burn

The GNANA that is staked in pools collects reflect fees. We convert those fees back to BANANA and then burn them.