docs: clarify fees go to protocol treasury, not holders
- Add Fee Destination section to PRODUCT-TRUTH.md - Explicitly ban 'fees grow your KRK value' and 'auto-compounding' claims - Clarify holder value comes from asymmetric slippage, not fee reinvestment - Fix misleading 'floor always goes up if fee income exceeds sell pressure' - Update ARCHITECTURE.md feeDestination annotation
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2 changed files with 23 additions and 5 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)
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└── feeDestination: address (protocol revenue — 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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@ -55,7 +55,8 @@ All managed by LiquidityManager via ThreePositionStrategy abstract:
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4. `discoveryDepth` (0 to 1e18) — depth of discovery position
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Sentiment calculation: `sentiment = f(averageTaxRate, percentageStaked)`
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- High sentiment (bull) → wider discovery, aggressive fees
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- High sentiment (bull) → wider discovery, more fee revenue for protocol treasury
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- Holder value comes from asymmetric slippage (structural ETH accumulation), NOT from fee reinvestment
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- Low sentiment (bear) → tight around floor, maximum protection
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## Stack
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