KDAbet Protocol Wealth Distribution
How Wealth is Distributed to the DAO
Wealth is equally distributed to ALL DAO members who hold the Kadena King NFT in an equal measure. The generated wealth (known hereafter as the rake) is seperated into two pools:
The Treasury (33% of the rake)
The Treasury is the pool of capital which is used to conduct the business of the protocol including
Paying out winning bets
Paying Global Gaming Revenue (GGR) outflows for data rights
Licensing & Legal
Paying for 3rd party risk management software
Paying stipends if required
Kingpool (66% of the rake)
The Kingpool is the pool of generated wealth that is equally distributed amongst the kings crypto wallets.
Changing the rake
The dynamics of the distribution is changeable by the DAO via a proposal with no less than 66% of the kings vote. This is a special rule to avoid vote engineering.
Treasury Threshold
The treasury threshold is a maximum treasury size that when reached, marks the capped amount of dollars that the smart contract can access from the rake. The threshold is equal to:
Fixed costs + GGR outflow + Tax outflow + 3*average monthly volume
Fixed costs include: License fees, legal fees, stipends, misc. fixed fees
GGR outflow is the percentage of gaming revenue that data rights firms take from revenue in return fo access to critical data.
Tax outflow is the percentage fee that must be paid to localized government.
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