Knights of Camelot.
20 Apr 2023, 18:12
Knights of Camelot ⚔️
After the public sale of $GRAIL, we allocated 30% of the funds raised to seed the dividends treasury with $1m USDC. This would allow us to ensure sustainable rewards for xGRAIL holders without relying on dilutive emissions, meaning that we would be able to scale the protocol to a point where protocol revenue can fully fund dividends yield.
Due to fees earned, the dividends treasury now holds over $1.4m, mostly in USDC. Most importantly, we've been accumulating positions in Round Table partner tokens too.