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Deployer
@deployer
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.
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Alex Mack 🎩🍖
@alexmack
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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Deployer
@deployer
this is the best i can do
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Alex Mack 🎩🍖
@alexmack
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 ;)
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