Oly One launches black hole burn mechanism, achieving permanent deflation of OLY tokens through smart contracts

According to ChainCatcher, Oly One has launched a black hole burn mechanism. This mechanism utilizes smart contracts to automatically burn a portion of OLY tokens during each transaction, achieving permanent deflation.

This mechanism aims to provide stability to the DeFi sector by reducing the token supply and combines it with a dynamic bottoming structure to enhance the ecosystem's self-regulation capabilities.