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fix: KRK fees to feeDestination undocumented (#458)

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openhands 2026-03-06 00:32:18 +00:00
parent 496a464baf
commit e09a995733
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docs/ARCHITECTURE.md
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@ -33,8 +33,9 @@ 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 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._scrapePositions()`).
- **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. - **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.
- **Staking pool KRK excluded from outstanding supply**: `_getOutstandingSupply()` also subtracts `kraiken.balanceOf(stakingPoolAddr)`, because staked KRK is locked and similarly cannot be sold into the floor.
## Three-Position Strategy ## Three-Position Strategy

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docs/PRODUCT-TRUTH.md
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@ -61,6 +61,7 @@ when the protocol changes — not the marketing copy.
- 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 - **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 - 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
- KRK held in the staking pool is also excluded from the outstanding supply calculation for the same reason — staked KRK is locked and cannot be sold into the floor
❌ **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.