What is Cornichon?
After Pickle Finance was hit by the Evil Jar Hack costing users 19,759,355 DAI, the team created the Cornichon token as a debt token in need of repayment.
Today, 5% of all weekly revenues are allocated to buying back and burning this token at the current market price. Purchases are made against the DAI-CORNICHON liquidity pool on Uniswap. This chart shows how many tokens remain to be repurchased and burned.
Last modified 3mo ago
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