Summary: Auction proceeds from Degen Dogs are automatically invested in DeFi protocols, earning yield.

The WETH proceeds from Degen Dog auction are immediately and automatically invested in DeFi and start earning yield for Dog owners. The WETH is invested in the "Best Yield" vault on Idle Finance. Idle tokens representing the vault shares are issued to Degen Dogs contract.

Distribution of Proceeds

  • 50% for the past, 50% for the future

  • 50% is streamed back to past Dog owners

  • 10% is immediately donated to a charitable DAO

  • The remaining 40% goes to the treasury, where it is controlled by the DAO.

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