Impact of PyrroSol
By making token burning fun and rewarding, PyrroSol aims to boost engagement and activity across the network.
Goals for Solana:
Increase in Transactions We aim to drive a 2-3% increase in the total number of transactions on Solana by encouraging users to participate in burning tokens and creating batches.
Boost in Total Value Locked PyrroSol could contribute an additional $5-10 million in TVL on Solana, thanks to increased engagement in DeFi platforms through our rewards system.
Growth in Active Wallets By making it easy and fun to participate, we expect to increase the number of active wallets on Solana by 1-2%, bringing more users into the network.
More Daily Active Users With better incentives and a smoother user experience, we plan to grow Solana’s daily active user base by 2-3%.
Impact on Projects using PyrroSol for burning
PyrroSol offers Solana-based projects a unique way to reduce token supply, increase scarcity, and reward their communities. Here’s what we expect for projects that choose to burn through PyrroSol:
Reduction in Circulating Supply Projects using PyrroSol for token burns can see a 5-10% reduction in their circulating token supply, creating scarcity that could support the long-term value of their tokens.
Stronger Community Engagement By giving users rewards for participating in the burning process, projects can expect a significant boost in community activity and interaction.
Potential TVL Growth for Projects As tokens become more scarce and valuable, projects could see an increase in their token value, which in turn could lead to a $1-$2 million increase in TVL for each participating project.
Better Liquidity for Tokens By promoting active token use and burning, projects using PyrroSol may experience improved liquidity as users are more incentivized to participate and hold.
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