WOO Network Burns Record 3.7M Tokens in Largest Monthly Destruction
WOO Network Burns Record 3.7M Tokens in Largest Monthly Destruction
馃敟 Record burn achieved
WOO Network achieved its largest monthly token burn, destroying 3,738,597 $WOO tokens permanently.
The record burn was boosted by the platform's enhanced buyback program using weekly trading fees.
- Previous monthly burns were significantly smaller (2.1M tokens in September)
- Tokens are permanently removed from circulation
- Community feedback requested on current fee distribution model
The burn mechanism aims to reduce token supply and potentially increase value for remaining holders through scarcity.
We've just had our largest ever monthly $WOO burn with 3,738,597 tokens being incinerated forever 馃敟 This burn was increased by our recent additional buyback and burn program from the weekly fees. If you have any opinions on our current burn/fee distribution mechanism please
WOO Burns 483k Tokens in Latest Weekly Buyback
WOO completed its weekly buyback and burn program on January 30th, destroying **483,000 $WOO tokens**. This follows a series of significant token burns: - Previous week (Jan 22): 435k tokens burned - Major governance burn (Jan 16): **300 million tokens** (~15% of total supply) incinerated following unanimous community vote - Weekly burns ongoing: 234k tokens burned on Jan 9 The 300M token burn was approved through community governance with 100% yes votes, removing locked treasury tokens to create a cleaner supply structure. [Full governance details](https://paragraph.com/@woofi/woo-governance-vote-passes-unanimously-15percent-of-the-woo-supply-gets-burned?referrer=0x0a9eEddaa65546Ad35D3F0Ac9E6F09575E4C9297)
WOOFi Pro Adds Moonbirds Futures Trading
WOOFi Pro has launched futures trading for **$BIRB** (Moonbirds) with up to **10x leverage**. - Available on both Solana and EVM chains - Follows recent listings of $SKR (Solana Mobile) and $AXS (Axie Infinity) - Part of WOOFi's expanding cross-chain derivatives offerings Traders can now access leveraged positions on the Moonbirds token across multiple blockchain networks through the WOOFi Pro platform.
WOOFi Featured on Monad App Hub
WOOFi has been spotted on the Monad app hub, marking its presence on the emerging blockchain platform. - The cross-chain DEX is now visible among Monad's ecosystem applications - This follows WOOFi Pro's earlier appearance in July 2025 - The integration suggests WOOFi is expanding its multi-chain presence to include Monad The listing indicates WOOFi's continued strategy of deploying across multiple blockchain networks.
馃敡 WOOFi Launches sPMM for BTCB Trading with CEX-Mirrored Oracles
WOOFi has activated a new vault that quotes $BTCB through its **sPMM (synthetic Proactive Market Maker)** system. The platform now uses **custom onchain oracles that mirror centralized exchange depth**, delivering: - Tighter spreads - Lower slippage - Improved onchain trading experience This infrastructure upgrade aims to bring CEX-level execution quality to decentralized trading by replicating the order book depth found on traditional exchanges directly onchain.
WOO Community Votes to Burn 300M Tokens
The WOO community has unanimously approved a proposal to permanently burn 300 million $WOO tokens, representing approximately 15% of the total supply. **Key Details:** - Vote concluded with 100% approval - 300M tokens (~15% of supply) will be burned in coming days - This brings circulating supply to 100% of fully diluted valuation (FDV) - Eliminates future token dilution The burn removes a previously locked token tranche, marking a significant shift in WOO's tokenomics. With no remaining locked supply, holders face zero future dilution risk.