Breakdown of Yield Earned
To promote the long term viability of the project, we have decided to split the yield earnings from the initial NFT sales as follows.
Assuming total yield returns as 100 percent, we plan on allocating the following distributions:
80% Airdrops (Purchasing of floor BAYC or floor CryptoPunk)
10% Compounded back into cvxCRV
5% Development Fund
5% Founders Fee
As we may note, the 80% of yield towards airdrops will help incentivize the ownership of Punk’d Apes while providing liquidity support for the entire NFT market.
Furthermore, the 10% compounded back into cvxCRV to increase treasury appreciation while combating price volatility and inflation. Once again, in the long term, the token may change based on yield optimality.
The remaining 10% of funds will be used for the betterment of the entire NFT market and to reward our founders for their hard work. In more detail, the 5% development fund will form the basis of Vaulted DeFi allowing for Vaulted DeFi to support other NFT projects by providing liquidity through the purchase of floor NFTs. We will discuss this topic later in the paper.
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