> For the complete documentation index, see [llms.txt](https://docs.vaultcraft.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vaultcraft.io/tokenomics/vcx/treasury-burn.md). # Treasury Burn **VaultCraftDAO will burn treasury VCX 1:1 each time oVCX is redeemed for VCX** * Approximately 100M oVCX will be distributed through gauge rewards * Emissions of 2M oVCX per epoch for 13 epochs, followed by a decay rate of \~2.71% * \~10%+ deflationary effect over the first 4 years assuming 100% oVCX redemption **oVCX emissions** For the first 13 epochs, 2,000,000 oVCX will be emitted through gauges. After this period, the amount of oVCX emitted per epoch will decrease by \~2.71% relative to the previous period. $$ lastRate \* 1.0271e18 / 1e18 $$ E.g., 2M… 2.M, 1.947M, 1.895M, 1.845M… oVCX emissions will continue into perpetuity, depleting nearly the entire 100M budget within the first 10 years. VaultCraftDAO governance can vote to modify this system in the future.