I think its because people are burning with them from different address, its people who go the app and burn from there own address, also that’s why I started this thread so we can find out what’s really going on. on Twitter there is a post by by someone who blamed them for wrong doing, later they apologized to them
This is the burn address. You can randomly check every transactions with type “MsgExecuteContract”. If this transaction was interacted with contract “terra1u27kgxl68z39vvzgdkxccu6aqdwwayf0samuwg” that means it is burned by protocol 1.
I burn 5k Lunc and paid 5 USTC fees to DFC Lunc after 24 hours they have given dividend of 6.5k Lunc, this has motivated me further to burn again 5k Lunc today and Paid 5 USTC Fees.
Update: Till now I have burnt 25K Lunc and paid 25 USTC in Fees, the burns are visible going to official burn wallet in Terra wallet, also you can trace it with terra finder, they are authentic
Rewards: I have been paid 30k ( Lunc) Approx in form of DFC, and small rewards like 2 USTC, which I have used to burn again.
Protocol 1 Update
Done 2 more batches of 5k burn, total Burn stands at 35k with 35 USTC Fees, 30K Lunc Received in my terra wallet as rewards, 3 Rewards pending in 8 Hours
Protocol 2 Update
1DFC Burn and 164200 Lunc paid in fees, rewards pending in 7 days