fix: KRK fees to feeDestination undocumented (#458)
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2 changed files with 5 additions and 1 deletions
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@ -17,7 +17,7 @@ Kraiken.sol (ERC-20 token)
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│ ├── Staking positions with tax rates
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│ ├── Snatch mechanics (competitive staking)
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│ └── getPercentageStaked(), getAverageTaxRate()
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└── feeDestination: address (protocol revenue — fees go HERE, not back to holders)
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└── feeDestination: address (protocol revenue — both WETH and KRK fees go HERE, not back to holders)
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Optimizer.sol (UUPS Upgradeable Proxy)
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├── Reads: stake.getPercentageStaked(), stake.getAverageTaxRate()
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@ -33,6 +33,8 @@ Optimizer.sol (UUPS Upgradeable Proxy)
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- **LiquidityManager → Kraiken**: exclusive minting/burning rights
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- **Optimizer → Stake**: reads sentiment data (% staked, avg tax rate)
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- **Optimizer upgrades**: UUPS proxy, admin-only `_authorizeUpgrade()`
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- **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()`).
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- **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.
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## Three-Position Strategy
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@ -59,6 +59,8 @@ when the protocol changes — not the marketing copy.
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- Trading fees are collected by the LiquidityManager during recenters
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- Fees are sent to `feeDestination` (protocol treasury / founders)
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- Fee revenue is the protocol's business model
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- **Both WETH and KRK fees** from Uniswap V3 positions are forwarded to `feeDestination` — not just ETH/WETH
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- 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
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❌ **Cannot say:**
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- "Fees grow your KRK value" — **FALSE.** Fees go to treasury, not back to holders.
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