How are Expeditions Funded?
Expeditions are funded out of the Expedition Treasury. You can think of this treasury as a 'back into the system' fund.
- 1.60% of Passthrough Staking Rewards goes to the Expedition Treasury
- 2.50% of withdrawal fees goes to the Expedition Treasury
- 3.50% of Summit for those who claim rewards early (before 4 epochs)
As it grows, the Expedition Treasury will be composed of multiple token and LP types coming from fees and Passthrough Strategy rewards.
Once daily, the following maintenance of the treasury will occur:
- Earned LPs in the Expedition Treasury will be broken.
- All funds will be converted into stablecoins to insulate against the market.
If we notice too many traders arbitraging against our buying process this will change, but rest assured, the aim is to maximize the amount of funds in the expedition.
Deposits fees will vary between 1.5% to 0% dependant on the chain and the fees applied from the underlying vault.
Withdrawal fees range from 7% to 1% (decreasing over 7 days), a portion of this will also supplement the Expedition.
Funds passed through to Vault-style and MasterChef-style contracts will automatically send 60% of rewards to the Expedition Fund address, 20% towards LP generation, and 20% to the Dev Fund.
Last modified 11mo ago