SBF on Twitter: "@Crypto_MQ @bonfida $FIDA is burnt from Bonfida's fees (e.g. GUI fees). Bonfida uses a Serum DEX though and so the weekly SRM buy/burn is increased by fees from that." / Twitter

The first $FIDA buy and burn just happened: 80,164.869060 $FIDA 🔥 explorer.solana.com/tx/5rxrFiyxcew

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I believe $SRM is burnt because of the fees. Whats with the $FIDA burn?

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$FIDA is burnt from Bonfida's fees (e.g. GUI fees). Bonfida uses a Serum DEX though and so the weekly SRM buy/burn is increased by fees from that.

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Got it. 👌🏻

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