Controlling LENO supply

Does LENO have a hard cap?

Yes, LENO now has a hard cap of 750M as outlined in our litepaper https://v2litepaper.lenoswap.com/

How LENO supply is reduced

The chefs aim to make deflation higher than emission by building deflationary mechanisms into LenoSwap's products. The goal is for more LENO to leave circulation than the amount of LENO that's produced.

Reducing block emissions

By reducing the amount of LENO made per block, we slow inflation. This has already been done once: Since the first reduction in block emissions, we've already effectively reduced the number of LENO entering circulation from 40 LENO per block to 12.75. But we don't want to do this too frequently, too early, we want to still incentivize people to provide liquidity.

Deflationary mechanisms

Regular token burns (view burn address) are built into many of LenoSwap's products (like a 10% burn of LENO spent on lottery tickets), with more on the way. Check the LENO Tokenomics page for details on present and upcoming deflationary mechanisms.