Summary: Auction proceeds from Degen Dogs are automatically invested in DeFi protocols, earning yield.
WETHproceeds from Degen Dog auction are immediately and automatically invested in DeFi and start earning yield for Dog owners. The
WETHis invested in the "Best Yield" vault on Idle Finance. Idle tokens representing the vault shares are issued to Degen Dogs contract.
- 50% for the past, 50% for the future
- 10% is immediately donated to a charitable DAO
- The remaining 40% goes to the treasury, where it is controlled by the DAO.
Distribution of Degen Dogs auction proceeds