$DAMN Burns $BONE on Shibarium 🚀

Yo, curious how $DAMN, the Shibarium memecoin, is burning $BONE like crazy? We’re breaking it down for you—LP burns, PairFees contracts, and why Shibarium’s the place to be. Let’s go!

What’s $DAMN?

$DAMN is a 0-tax memecoin on Shibarium, the Layer-2 for Shiba Inu. It wasn’t built to burn $BONE originally, but its burned liquidity pool (LP) on WoofSwap unlocked a sick deflationary trick. Every swap shrinks the supply of $BONE and $DAMN!

How Does $DAMN Burn $BONE?

It’s all about two killer mechanisms on WoofSwap, Shibarium’s DEX - WoofSwap. Check it:

Burned LP = Locked Tokens: $DAMN’s $BONE/$DAMN liquidity pool was burned, sending LP tokens to a dead address. That locks all $BONE and $DAMN in the pool forever. No one can touch ‘em—bam, that’s a burn!
PairFees Contract = Fee Burns: WoofSwap’s ve33 model splits swap fees: 70% to LP holders, 30% to WoofSwap. Fees are stored in a separate PairFees contract, not the LP. Since $DAMN’s LP is burned, the 70% of fees (including $BONE) can’t be claimed. Unclaimable = burned. More swaps, more $BONE locked!

LP vs. PairFees: The LP is just for trading liquidity. The PairFees contract is a separate vault for swap fees. They don’t mix, and burned LPs mean those fees are stuck forever—pure burn vibes!

Impact on $BONE Supply

Burning $BONE (as wBONE) on Shibarium locks the equivalent $BONE on Ethereum in the cross-chain bridge. That $BONE ain’t moving, reducing the circulating supply. So far, 10,197 $BONE have been torched by $DAMN’s burns. Peep the burn address on Shibariumscan.

Why Shibarium Rocks for Burns

Forget Ethereum’s gas fees—Shibarium’s cheap, fast, and decentralized. Burning $BONE here still cuts the supply by locking tokens in the Ethereum bridge. WoofSwap’s all about Shibarium, building a deflationary ecosystem without centralized nonsense.

Every $DAMN swap burns $BONE and $DAMN. More trades = more burns. Let’s keep the fire going! 🔥

Transparency & Decentralization

WoofSwap’s smart contracts are open-source, no sketchy proxies. The PairFees contract and burns are verifiable on Shibariumscan. The team can’t touch those locked $BONE (they’re joking they wish they could, lol). It’s all decentralized, just how we like it.

TL;DR

$DAMN burns $BONE via a burned LP and unclaimable fees in the PairFees contract.
PairFees is separate from the LP—fees can’t be withdrawn if the LP’s burned, so they’re locked (burned).
Shibarium burns = Ethereum supply reduction. No need for Eth’s high fees.
Over 10K $BONE burned already. Check it on Shibariumscan!

Want more? Hit up the $DAMN or WoofSwap sites, jump into the Shibarium community, and keep swapping to burn more $BONE!