Burning FSN/FUSE liquidity

Individual Pirate
3 min readMay 17, 2021
My original promise in the 500+ follower competition.
The method with which the winner was to collect the funds.

Since April 7, I’ve had a dilemma I wasn’t sure on how to best handle, but I now think I’ve come up with a solution that’s fair, good and honorable.

The dilemma is that in a contest I freely gave away 0,05 FUSE, which is no insignificant amount of money and to be honest I was a bit afraid it would just get dumped.

Luckily the winner was a highly engaged Fusionite (however, he also somehow failed to actually claim the FUSE and was super happy about getting 500 FSN which was the much smaller part of the price).

@vldpzn recently changed his handle on Twitter.

I initially reminded him to also claim the FUSE both on Twitter and in Telegram, but since it didn’t happen I decided to let it slide for the time being and start thinking about how that FUSE could somehow serve a greater purpose.

Claiming it back as my own again was always out of the question, but was there a way it could serve a greater cause for all FUSE holders?

Yesterday, I came up with a very interesting idea that I felt I really had to do here. “Why not put it into liquidity and burn it?” Just burning something currently valued at 7000 USD might seem a little crazy, but I really think this is really worthwhile, and the reason is that it means FUSE could never be entirely rug-pulled. Right now I am pretty much personally putting up all the liquidity for FUSE and if I someday for some reason decided this thing isn’t really worth anything, it’d instantly become nearly worthless. But by burning some of the liquidity I can never make that decision, at least not fully! The burnt LP tokens will always be there to provide some liquidity on the Fusion version of AnySwap.

I see this as particularly important now that Chainge DEX is about to launch. Because what do I do with my personal FSN/FUSE liquidity at this point? Do I keep it on AnySwap or do I move it to Chainge? Will an offer exist where the liquidity could yield at that point CHNG? I don’t know the answers to those questions now, but no doubt they will influence my decision making, so that I get as much yield from the liquidity as I possibly can. But the LP tokens that are burnt, I no longer have power over. That liquidity will therefore always remain in the AnySwap contract, and therefore the possibility to trade FSN and FUSE on AnySwap becomes immortal.

For this reason I find the aspect of burning liquidity tokens a really amazing concept and much more meaningful than the burning/destruction of regular tokens. In a later post I will likely write a little about the project that inspired this idea, and what they did (which makes my small sacrifice here pale in comparison).

But for now, let’s focus on this burn:

Please visit fsnex.com and verify yourself that the burn of this liquidity has taken place.



Individual Pirate

IndividualPirate became interested in the Fusion Blockchain around the time it launched mainnet. Deeply interested in governance and liquidity. fusionite.info