6.​6M $BLACK Burned in 7 Days Qualifies for Season 4 Escape Velocity Rebates

🔥 6.6M Burned Already

By Blackhole
Nov 10, 2025, 2:35 PM
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Major Token Burn Activity

Blackhole protocol saw 6.​6M+ $BLACK tokens burned in just one week, with all burns qualifying for Season 4 of the Escape Velocity rebate program.​

Key Benefits:

  • Rebates stack on top of existing veBLACK holdings
  • Higher voting power for participants
  • Enhanced rewards through the ve33 flywheel mechanism

Recent Context:

  • Season 3 previously saw 11.​1M $BLACK burned over 14 days
  • Weekly voting rewards consistently exceed $900K for veBLACK holders
  • Multiple liquidity pools receiving substantial incentives ranging from $15K to $185K

How It Works: Users who burn $BLACK tokens receive veBLACK, which provides voting rights on liquidity pool incentives.​ The rebate program amplifies this by giving additional veBLACK to qualifying participants.​

Vote for rewards | Create locks

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🗳️ veBLACK Holders Face Deadline for $275K Rewards

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**Epoch 28 Voting Closes Soon** Blackhole's current voting epoch offers over **$275,000 in rewards** exclusively for veBLACK token holders, with just 5 hours remaining to cast votes. **Recent Incentive Additions:** - $SUPER/$BLACK pool: $19,500+ from SuperVerse - Top liquidity pools ($BTC.b/$WAVAX, $ID/$WAVAX, $WAVAX/$BLACK): $13,000+ - Additional pools ($WAVAX/$MOANI, $BLACK/$KET): $5,000+ **Context:** - Epoch 27 distributed over $320,000 to veBLACK holders - Epoch 26 reached $360,000 in rewards - Consistent high-value reward distribution across recent epochs The voting mechanism allows veBLACK holders to direct liquidity incentives across various trading pairs while earning passive income from their governance participation. *Vote before the epoch ends to claim your share of rewards.*

veBLACK Introduces Weekly Voting Rewards Based on Lock Duration

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**veBLACK** has launched a new rewards mechanism for token holders: - **Create a veNFT** to participate in the protocol's governance system - **Vote weekly** on protocol decisions and reward distributions - **Earn protocol fees** proportional to your token lock duration The system builds on veBLACK's existing model where users lock $BLACK tokens to obtain veBLACK voting power. Previous epochs have distributed significant rewards, with over **$530,000** allocated to veBLACK holders in epoch 20. The weekly cadence allows participants to actively engage with protocol governance while earning consistent returns. Longer lock periods result in higher fee distributions, incentivizing long-term commitment to the protocol. This vote-escrowed model aligns token holder interests with protocol growth by tying rewards directly to participation and lock duration.