Degen Dogs
Mission 1
Mission 1
  • Introduction
  • Getting Started
  • Basics
    • Auctions
      • Auction Cadence
    • DeFi
      • Idle Finance
    • Streamonomics
      • Superfluid Finance
    • Donation
    • Dog Biscuits (BSCT)
    • Founder's Reward
    • Secondary Sales
  • NFTs
    • Artwork
    • Rarities
    • License
  • DAO
    • Governance
    • Treasury
  • Developers
    • App
    • Contracts
    • Source Code
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  1. Basics

DeFi

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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 tokens representing the vault shares are issued to Degen Dogs contract.

Distribution of Proceeds

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

  • 50% is 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.

Idle Finance
Streamonomics
Idle Finance
streamed
Distribution of Degen Dogs auction proceeds