💰Treasury

DAO Treasury

PID and vePIKO holders are the de-facto stakeholders of the entire Pinnako ecosystem, including managing and having access to the DAO Treasury funds. 25% of all protocol revenues (see Fee Distribution) go to the DAO Treasury, continuously creating value for the DAO participants.

the treasury is splited into two categories:

  • PIKO LP

  • PLP

Floor Price Fund Enhancement

The $PIKO token features a floor price fund, consisting of ETH and PLP, which expands in two primary ways:

  1. The protocol provides and owns the initial PIKO/ETH liquidity. Fees generated from this trading pair are converted into PLP and subsequently deposited into the floor price fund.

  2. Ten percent of the total fees are allocated to purchase PIKO from the AMM pool and paired with PIKO/ETH.

The floor price fund is designed to ensure liquidity in PLP and offer a consistent stream of rewards for all staked PIKO holders. As the fund expands, it can also be utilized for PIKO buybacks and burns if the ratio of (Floor Price Fund) to (Total Supply of PIKO) is lower than the market price. This mechanism establishes a minimum price for PIKO in terms of ETH and PLP.

Currently, the floor price fund is stored in multiple contracts. Over time, these will be gradually consolidated into a single contract for increased efficiency:

-0x

-0x

PreviousPLP-ÎąNextBOND

Last updated