Burn & Preburn

Hello Diem Team,
I found there are some methods in the Move stdlib related to currency burning and Preburn resource, and I have some questions:

  • What is the use case of currency burning? Is DesignatedDealer or TreasureCompliance role who propose to burn some coins?
  • What is the relationship of currency burning operation and Preburn resource? Or, what is the process of currency burning operation?
  • How Diem ensure the security of currency burning operation?


1 Like

Hi Xi,
I think LIP2 will answer some of your questions. Let us know if you have others!


Hi Sam,
That helps! I also found LIP20 in the GitHub repo, which focuses on on-chain currency management in Diem system. Thank you!


1 Like