πTokenomics
Daylight Token Tokenomics
$DAYL Tokenomics
Project Daylight's Daylight Token is the world's first ever true wealth generation token that sustains an ever appreciating floor value by utilizing transaction finality and ecosystem utilities.
$DAYL token is a deflationary BNB Chain token with a deflationary supply that rewards holders with manual staking rewards over time. $DAYL also has unique utilities that will be introduced in our ecosystem extensions, starting with Casa Daylight, a rewarding and game-based protocol which aims to decentralize online betting and chance-based earnings.
$DAYL has implemented trading volume fees that contribute to further ecosystem development and price action sustainability.
Fees and Deflationary Mechanisms
Daylight Protocol has implemented certain transaction fees to ensure minimum dump impact and also to contribute towards further ecosystem extension while sustaining price and protocol survivability. This is purely to uphold on liquidity, permanent floor value and also to enhance deflation in order to provide sustainable funds to continue ignition on further development and extension.
Daylight collects a 5% purchase tax, 5% transfer tax and a 20% sale tax on all transactions on-chain on Orion DEX.
Below is a breakdown of trading volume fees and transparency on its utility:
Fund Allocation | Buy Tax | Sell Tax | Transfer Tax |
---|---|---|---|
Percentage Total | 5% | 20% | 5% |
Burn | 2% | 8% | 5% |
Reward Distribution | 1% | 4% | - |
Sell-Burn | 1% | 4% | - |
Redeem-Buyback | 1% | 4% | - |
Multi-Sig Vaults
Daylight Protocol's vaults are guarded by a 3 of 3 multi-sig. That means any transaction for the Treasury, RFV or Daylight Vault must be approved by at least 3 signers, of which we have 3 signers in total. The operation security for our assets is thus protected from a single actor going rogue, because it takes a quorum of 3 to authorize any transaction like moving funds in and out.
The following are the safe signers:
Roshan M. (Co-Founder): 0xbC09B3DC4af6C0FdD31590fc6D0A157C5152B0fA
Nadia Q. (Co-Founder): 0x740Fad19c979BF5b721F45D229E3C9a4f1CE1a99
Ted C. (Co-Founder): 0x06De8477d5f5ccCe03951E6922759f69e82b880e
Daylight Planetary Fund
The Planetary Fund β is a standalone vault that collects funds to support and stabilize the Liquidity pool. This is particularly utilized in the event of a sharp sell-off that might drain the Daylight liquidity pool. The DPF provides a liquidity reserve and prevents this from happening during a sharp sell-off, essentially maintaining its position as a sustainability fund. The fund will also be used to acquire stable coin in order to additionally build liquidity and increase the valuation of the residual backing asset behind $DAYL.
Treasury
The Treasury contract is a simple vault implementation holding all the funds collected by the protocol.
The Treasury will also be used to pay off organizationβs salaries as well as fund the Daylight Vault on a monthly basis, or an ad-hoc basis if required to extend ecosystem and for marketing expenditures.
Daylight Vault
The Daylight Vault is a protected safe that stores certain revenue fees received from the protocol and are used to extend the ecosystem by developing use cases for sustainability in regards to the Daylight Token, and to also invest in appreciative funds for the protocol, which are then used to fund development for ecosystem branches and components.
Daylight Vault is also considered as a SAFU fund for the protocol in the event of any DeFi related exploitations or loss of protocol funds.
Disclaimer and Vaults
All Daylight Protocol multi-sig financial storage contracts are created via Gnosis Safe, giving the project complete self custody and immense security over its financial capital.
Below are the transparent contract addresses for all Daylight Protocol's multi-sig vaults:
Purpose | Wallet Address | Chain |
---|---|---|
Daylight Treasury | 0x4A3Be597418a12411F31C94cc7bCAD136Af2E242 | BNB |
Planetary Fund | 0x76F9623036B1B02d2357f6efD376205b95347e56 | BNB |
Daylight Vault | 0xedaA97345eFa2c05d50E4593841C9f87FF2Ac745 | BNB |
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