There's 11,575.131 $PHAM reserved to back The Ham LP NFTs. So each will start backed by 11.575131 $PHAM

As they are burnt that backing increases.

Currently deploying. Unofficial head platypus of /lp 

okay I read the docs and I'm really sorry if this is a super dumb question. But what's the benefit of burning the NFT if we could have it worth more as the burn continues? again sorry for having two brain cells lol!

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LOL so if I burn, I get the amount of Pham allocated? So its basically like unstaking right? sorry Im just mechanics dumb, but v bullish on Pham so feels like my choice would be to hold? NFA ofc ;)

thanks Kyle! Appreciate that - based on that I'll hold, bullish on $pham and @deployer and ham ecosystem. thanks for taking time to explain - 🍖 x100

Jumping in, it’s essentially a bonding curve.  If first to burn get the least, if last to burn get the most. RN tbh there is a premium to buy the NFT.  Could be better just holding tn100x but inherently $pham benefits too. The bet is the premium you pay now will be a discount later.