# Permanent locking of LISTA (LIP-016) Overview of the Change Lista DAO has successfully passed [LIP-016](https://snapshot.box/#/s:listavote.eth/proposal/0x8de005cbdcdc084942bfbff5a39577d1f88403dcea1e650d71b6a5a358c41888) to introduce a permanent token lock mechanism, enhancing the deflationary characteristics of LISTA. This update replaces the previous redistribution model by permanently locking LISTA tokens in a new and irretrievable contract address, effectively removing them from circulation. This strategic shift aims to: * Reduce the circulating supply of LISTA over time. * Enhance long-term value appreciation. * Align with ecosystem sustainability by implementing a continuous deflationary model. #### Mechanism * 40% of weekly revenue will continue to be used for purchasing LISTA from the open market. * Instead of being locked in veLISTA, the tokens will be sent to a permanent freeze address. * The LISTA tokens in this address cannot be withdrawn, transferred, or utilized in any way. ### Freeze Address Details The new freeze contract ensures that all LISTA tokens sent to it are permanently removed from circulation, reinforcing the protocol’s deflationary model. Freeze Address: 0x000000000000000000000000000000000000dEaD View on BSCScan:
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