Streamonomics

Tokenomics for Streams

Summary: Streamonomics refers to the tokenomics of streaming tokens to multiple recipients as an incentive mechanism.

All of the $WOOF minted by Degen Dogs are streamed to Dog holders in real-time, per second, over 90 days. Powered by Superfluid.

Note that the 90 day time window gets reset each time additional $WOOF is added to the pile. When new $WOOF is added, the new total amount of $WOOF is divided by 90 days, and the stream is updated such that that total amount would be fully streamed to Dog holders in 90 days. As long as new $WOOF is added to the pile daily, the streams will continue indefinitely.

Note that during the first 90 days, it likely that the amount of $WOOF added to the pile each day will exceed the amount streamed out each day. In other words, the total pile will be growing each day, and the "flowRate" -- the amount streamed to each Dog -- will increase daily. If you own a Dog on day 1, you are likely to increasingly larger amounts of $WOOF each day.

$WOOFx

The token streamed is actually $WOOFx instead of $WOOF. $WOOFx is a streamable version of $WOOF that enables it to be streamed per second, powered by Superfluid. It can be redeemed 1:1 for $WOOF -- this can be done using the Superfluid app or via a Farcaster frame (TODO: add link to frame here)

Each Dog gets Equal Share of $WOOFx

Each Degen Dog receives an equal share of the $WOOFx stream. If you own 2 Dogs, you will receive twice as much $WOOFx as someone who owns a single Dog. Note that if you acquired a Dog via auction, the price you paid in the auction has no bearing on your share of the stream.

Secondary Sales / Transfers

When a Dog is sold or otherwise transferred to another address, streams are redirected to the new owner.

Claiming Streams

New Dog owners need to claim their streams in order to view the real-time balance of $WOOFx. This only needs to be done once -- if you acquire a second Dog, you don't need to do it again. Note that even if you do not claim immediately, you will still accrue your full share of the stream from the moment you acquired the Dog.

To claim a stream in the "Pool" of Degen Dog holders, the easiest way is to use the Farcaster frame. TODO: insert link here. (It can also be done via a "connect" link on the Stream Distribution tab in the Superfluid app.)

When a Dog is sold or transferred, the new owner will need to claim (unless they already own another Dog and have previously claimed).