Fund Yield Distribution

100% of all Yield Generated in Gauge Auction Contracts is Autonimously Claimed & Distributed to gSPHERE Holders

Asset Accumulation: Assets accumulated in the Gauge Auction process are automatically managed by the individual Gauge Auction. Once an auction is executed and Yield Bearing assets are acquired by the protocol, these assets are automatically put to work by the individual Gauge Auction contract. The more Yield Bearing assets a gauge auction acquires, the more yield it can produce for gSPHERE holders to enjoy. Deposit of cPoL Assets - Putting Them to Work for the Fund: Upon the completion of an auction, the contract itself is hard coded to interact with whatever 3rd party contracts it can extract value from e.g LP tokens being deposited into their respective DEX Farm / Gauge. Distribution Process & Function: Once a certain amount of yield is collected from these yield bearing assets, a function is called to start a secondary “Reward Auction”. This reward auction functions exactly the same as standard cPoL gauge auctions, with some slight variances.

Reward auctions seek users to pay in SPHERE tokens (putting both buy pressure and additional utility towards SPHERE).

Rather than rewarding auction participants with oSPHERE tokens, auction participants are effectively bidding on the yield that the fund produces for each of its respective yield bearing assets.

Once a reward auction is completed, another will spawn in its place, allowing for income and yield produced by the funds cPoL assets to be liquidated in perpetuity, in an autonomous manner. The $SPHERE collected from these reward auctions is then distributed back to gSPHERE holders based on their size in respect to all other gSPHERE holdings.