Everything about dilution, staking, revenue and sustainability
The Mirai Protocol is a lending platform where users can lend and borrow various crypto assets in a decentralized, trustless, and permissionless manner. The platform operates on a revenue sharing model, where the interest generated from lending is distributed among the Lenders, Revenue Splitter, Real Yield Stakers, and the Team Fund.
Lenders: Lenders on the Mirai Protocol will receive a significant portion of the total interest generated as borrowers pay interest. Specifically, they will receive 60% of the interest generated.
Borrowers: Borrowers on the Mirai Protocol are required to pay interest on the assets they borrow. Of this interest, 60% goes to the Lenders, while 40% goes to the Revenue Splitter.
Revenue Splitter: The Revenue Splitter is responsible for distributing the revenue generated by the protocol among different stakeholders. It receives assets in various forms and routes them to the Team Fund and Real Yield Stakers.
Real Yield Staker: MIRAI token holders have the opportunity to lock up their tokens for a period of time, called an epoch, in exchange for real yield in the form of various assets such as ETH, BTC, DAI, USDC, USDT, and other blue-chip assets. Users are able to withdraw their assets at any point, but doing so would forfeit the yield they would have received.
Team Fund: A portion of the revenue generated by the protocol, specifically 45%, is allocated to the Team Fund. These funds are used to cover expenses such as salaries, marketing, development, and other operational costs.