Operation Logic
Capital Efficiency
Extensibility
Fixed rate and float rate can accept any crypto asset that meets the requirements, and constantly expand the asset boundary. Meanwhile, the protocol is open to any other protocol and can be integrated with it.
Attribute of The Community
Dankverse is produced by the community, owned by the community, and its development path is also determined by the community.
Protocol Self-driven Incentive Model
DANK Token is the incentive token, which is generated by protocol mining and used for motivating users. Additionally, a protion of DANK will be reserved to the Vault, and it will be used as reserves to regulate the supply and value of DANK.
Dankverse Vault
The protocol will charge a protion of the transaction fee and minting fee when users are using Dankverse's underlying protocols and tools for arbitrage. The charges will be stored in the vault as the income of the protocol and it will also generate value to DANK. Meanwhile, Dankverse citizens self-assess the price of their land and pay taxes based on that price. Taxes will also be stored in the vault as a fuel for operating the entire ecology.
The specific incomes are as follow:
Dankverse Land
Virtual Land Self-assessment: 3%
Float Rate Protocol
10% Interest Rate Reserve-Dank Protocol Reserve into PCV DAO Vault
Fixed Rate Protocol & Liquidity Pool
Minting Fee: 3%
Liquidity Gain into PCV DAO Vault: 0.15%
Liquidity Incentives: DANK
Liduidity Bootstrapping: 0.85%
Capital Appreciation
The universal public land will realize capital appreciation and compound interest through the mechanism of metaverse revenue protocol and metaverse lending (banking) protocol, that is Fixed Rate Market and Float Rate Market. Thus, the UBI distribution can be carried out to realize the universal basic income for every land holder. The basic principle is to gain profits through the capital return strategy formulated on the basis of land tax. The protocol strategy will purchase discounted BONDs and add the resulting assets into the income pool to add liquidity, resulting in sustained income. The sustained income will be returned to UBI eligible users through UBI. The capital strategy of the protocol will be proposed by the community and evaluated by professional investment analysts, and all users who participate in land transaction and tax payment will be qualified for permanent UBI.
Moreover, the liquidity controlled by the protocol itself can constantly earn transaction fees from AMM, and the accumulated fees are able to reinvest through different strategies to generate more income. The accumulated income from reinvestment will be distributed in the form of UBI.
Through the correct use of capital efficiency, we have realized universal basic income.
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