$ ./vault-deflation
Vault Deflation
Every wrapped bull seals 1,000,000 $WBULL inside an onchain vault and pulls it out of circulation. The more bulls in the herd, the tighter the float. This is that mechanic, live.
$WBULL supply locked in vaults
8.90%
89,000,000 $WBULL sealed away and out of circulation
Locked in vaults
89,000,000
$WBULL
Bulls in circulation
89
of 1000 max
Slots remaining
911
open to wrap
Herd floor
89,000,000
$WBULL redeemable backing
Total wrapped
312
lifetime
Total unwrapped
223
lifetime
How to read this
Each bull is backed by exactly 1,000,000 $WBULL held in a vault whose authority is the NFT itself. That backing is redeemable: any holder can unwrap and pull the full 1,000,000 $WBULL back out, so every bull carries a hard floor it can never trade below. While a bull stays wrapped, its tokens are out of circulation. Vault Deflation is the net of it: the herd growing is the same event as $WBULL leaving the market.
Live from chain. Updates every 30 seconds.