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fix: KRK fees to feeDestination undocumented (#458)

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openhands 2026-03-06 00:01:28 +00:00
parent 7dc0c52664
commit 496a464baf
2 changed files with 5 additions and 1 deletions
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4
docs/ARCHITECTURE.md
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@ -17,7 +17,7 @@ Kraiken.sol (ERC-20 token)
│ ├── Staking positions with tax rates │ ├── Staking positions with tax rates
│ ├── Snatch mechanics (competitive staking) │ ├── Snatch mechanics (competitive staking)
│ └── getPercentageStaked(), getAverageTaxRate() │ └── getPercentageStaked(), getAverageTaxRate()
└── feeDestination: address (protocol revenue — fees go HERE, not back to holders) └── feeDestination: address (protocol revenue — both WETH and KRK fees go HERE, not back to holders)
Optimizer.sol (UUPS Upgradeable Proxy) Optimizer.sol (UUPS Upgradeable Proxy)
├── Reads: stake.getPercentageStaked(), stake.getAverageTaxRate() ├── Reads: stake.getPercentageStaked(), stake.getAverageTaxRate()
@ -33,6 +33,8 @@ Optimizer.sol (UUPS Upgradeable Proxy)
- **LiquidityManager → Kraiken**: exclusive minting/burning rights - **LiquidityManager → Kraiken**: exclusive minting/burning rights
- **Optimizer → Stake**: reads sentiment data (% staked, avg tax rate) - **Optimizer → Stake**: reads sentiment data (% staked, avg tax rate)
- **Optimizer upgrades**: UUPS proxy, admin-only `_authorizeUpgrade()` - **Optimizer upgrades**: UUPS proxy, admin-only `_authorizeUpgrade()`
- **feeDestination receives both WETH and KRK fees**: during `recenter()`, Uniswap V3 fee collection produces both tokens. WETH fees AND KRK fees are forwarded to `feeDestination` (see `LiquidityManager._collectFees()`).
- **feeDestination KRK excluded from outstanding supply**: `_getOutstandingSupply()` subtracts `kraiken.balanceOf(feeDestination)` before computing scarcity, because protocol-held KRK cannot be sold into the floor and should not inflate the supply count.
## Three-Position Strategy ## Three-Position Strategy

2
docs/PRODUCT-TRUTH.md
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@ -59,6 +59,8 @@ when the protocol changes — not the marketing copy.
- Trading fees are collected by the LiquidityManager during recenters - Trading fees are collected by the LiquidityManager during recenters
- Fees are sent to `feeDestination` (protocol treasury / founders) - Fees are sent to `feeDestination` (protocol treasury / founders)
- Fee revenue is the protocol's business model - Fee revenue is the protocol's business model
- **Both WETH and KRK fees** from Uniswap V3 positions are forwarded to `feeDestination` — not just ETH/WETH
- KRK held at `feeDestination` is excluded from the outstanding supply calculation, because protocol-held KRK cannot be sold into the floor and should not inflate the scarcity metric
❌ **Cannot say:** ❌ **Cannot say:**
- "Fees grow your KRK value" — **FALSE.** Fees go to treasury, not back to holders. - "Fees grow your KRK value" — **FALSE.** Fees go to treasury, not back to holders.