What is pob (Proof of Burn)?

TLDR;

Burn tokens for a chance to win the prize. Your odds are proportional to the amount you burn compared to others.

An Example

  • Aerodrome creates a competition for 100 AERO tokens.
  • Chris burns 10 AERO tokens, Sally burns 15, and John burns 25 tokens.
  • Their chances of winning are 20%, 30%, and 50% respectively.
  • Then Craig enters with 50 tokens, now representing 50% of the total burn. His chance becomes 50%, while the others adjust to 10%, 15%, and 25%.
  • Anyone can join at any time and increase their burn before the timer ends.

Snipers?

Last-minute entries don’t have an advantage because chances adjust proportionally.

Provably Fair

We use Pyth VRF oracles for randomness you can verify. Learn more here.

Decentralised, Permissionless, Final

pob.fun simply facilitates token burn competitions through decentralised smart contracts. All bets are final and cannot be recovered by pob.fun.

Where can I see the contract?

The smart contract is verified on basescan and can be viewed and interacted with here.