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.​

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