🙆‍♂️Circulating Supply Management

At the core of InsanityBets protocol lies a commitment to $IBET holders, particularly those with a long-term perspective. The protocol's effectiveness stems from a multifaceted approach to managing the circulating supply, leading to a stable market for $IBET. The strategies include:

• Burning and Staking: By eliminating $IBET from circulation and incentivizing staking, the protocol counters potential inflation from $esIBET or $sIBET, stabilizing the trading environment.

• Incentive for Purchase: While not promised, users may feel encouraged to buy and stake $IBET not just for reduced fees but knowing it has such mechanisms in place.

• Rewarding Holders: $esIBET, rewarded to $sIBET holders, is automatically staked, accruing rewards and contributing to supply control.

• Vesting: With a 9-month vesting schedule, $esIBET is temporarily sidelined from the market, easing sell pressure and supporting price strength.

Long-term stakers benefit from an auto-compounding yield by holding on to their $esIBET, promoting the longevity of investments.

• Fee-Induced Burning: The protocol further reduces supply by burning $IBET collected as trading fees in the $IBET/ETH liquidity pool and from creating $bIBET derivatives. Through these deliberate actions, InsanityBets ensures that reducing the circulating supply of $IBET not only increases demand but also sustains higher market prices, underpinning the value for its holders.