Treasury

• Treasury is a public actor in the protocol that mitigates solvency risks and yields protocol revenue for the purpose of building an independent and self-sustainable DAO;
• In liquidation either soft or hard, instead of redistribution, it takes over the liquidated collaterals and debt, and act as the foundational target for redemption.
• It automatically arbitrages when depeg happens.
  • Sell mCKB to markets when mCKB worths more than CKB.
  • Buy mCKB from markets when mCKB worths less than the minimal price in the protocol.
• Protocol Revenue:
  • Mining Offering Fee: Fee for mining providers to propose mining offering;
  • Mining Recruiting Fee: Fee for mining sponsors to propose mining recruiting;
  • Redemption Fee: Fee for holders of mCKB to redeem for iCKB/CKB;
  • Liquidation Fee: Liquidation reserve for liquidators to liquidate mining providers;
  • Recovery Mode Fee: Fee for mining providers to get out of recovery mode;