Cake's second deflation is also the second week's deflation.
216k+80k+58k+29k+0.6k =383.6k platform revenue destroyed, additional issuance 1.84x28800x7=371k about deflation of 12.6k
The above is the destruction data and repurchase data. 216k plus 80k, a total of 296,000cake, was bought from the market by the cake project this week and put into destruction.
In total, 12,600 were destroyed.
Although it feels like little, it’s just the beginning and only the second time, and it will happen once a week in the future.
The deflation model is very powerful. Generally speaking, it means that some stocks will fall less than others and grow more than others.
Currently, market liquidity is very poor. Once market liquidity improves, or if output continues to be cut, deflation will become more severe.
October is the beginning of the deflation era. Don’t think that deflation is outdated, but it is a real long-term benefit. It’s just that many people are slow to realize it.
Cutting output will not have a big impact on apr, because there will be a bribery mechanism to suck blood from the outside to supply cake.
Simply put, it means eating and taking at the same time.
