🪓Burned LP
What Is Burned Liquidity in Skol’s LP System?
What Is Burned Liquidity in Skol’s LP System?
Burned liquidity means Skol sends its LP (liquidity provider) tokens to a dead address (like 0x000...dEaD), making them permanently inaccessible. This locks the paired tokens (e.g., SKOL/ETH) on Uniswap forever, ensuring:
Liquidity can't be withdrawn
LP tokens are destroyed
Trading remains active and stable
How It Works:
Add Liquidity: Skol pairs SKOL with ETH (or another token) on Uniswap and receives LP tokens.
Burn LP Tokens: These tokens are sent to a burn address, not stored or locked.
Permanent Effect: Liquidity is locked forever, ensuring ongoing, secure trading.
Why Burn Liquidity?
Rug-Proof
Devs can’t remove liquidity or dump tokens
Investor Confidence
Shows commitment to long-term stability
Trading Stability
Reduces sudden liquidity changes
Transparency
Burns are public and verifiable on-chain
Example: Skol adds 2 ETH + 50,000 SKOL to Uniswap, burns the LP tokens, and the liquidity becomes permanently locked — visible and verifiable on Etherscan.
Last updated