what's Trash20?

Trash20 is a DeFi protocol built on the Base blockchain designed to repurpose worthless "dead" memecoins that users have accumulated in their wallets. Through the trash.erc20 burn interface, holders of illiquid ERC20 tokens can burn them to receive $ASH20 tokens. The amount of $ASH20 received is proportional to the token's historical peak market performance, incentivizing the disposal of high-profile failures. Burned tokens are pooled into a communal vault. As value accumulates from thousands of burns of the same token, it becomes viable for liquidators to extract residual ETH value through sales. Liquidation proceeds are split with 90% directed to the protocol (45% to $ASH20 stakers as yield) and 10% to the liquidator. Stakers also earn from a 10% fee on all $ASH20 trades, providing real ETH yields without points or promises. The vault retains exposure to potential revivals of burned tokens.

Staking pool accumulated 0.035 ETH; 4 liquidations distributed 45% of value to stakers.