As of April 8th, DK is 43 days old.
In the last 43 days, the following DK Agent development milestones have been completed:
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435,000 DKDEFI tokens have been burned.
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4.63 million DKDEFI tokens have been deposited into liquidity pools, paired with frxUSD, frxETH, sfrxUSD, sfrxETH, WBTC, WETH, USDC, FXS, SOPHIA, IQYIELD, and NOIR tokens. The total value is estimated at $10,000.
You can view DKDEFI LP information on facts.frax.finance. Please note that facts.frax does not report DKDEFI TVL or volume metrics for most pools; only the tokens held and pool transaction logs are accurate.
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DKDEFI liquidity pools have been generating an average of 6-15% vAPR.
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DK has acquired 500,000 IQYIELD tokens and rights to 3.3% of the revenue generated by the IK Agent/IQYIELD system.
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DKDEFI tokens have been transferred over 19,600 times, which makes DKDEFI tokens the most commonly traded token on the Fraxtal Network that was not deployed by the Frax Protocol. For comparison, DKDEFI tokens have been traded on average about 11 times more often then WBTC on Fraxtal.
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Total accumulated DKDEFI Agent revenue has exceeded an estimated $7,900, consisting of:
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$1,200 from the DKDEFI-IQ BAMM lending pool,
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$1,600 from DKDEFI liquidity pools,
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$500 from arbitrage revenue,
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$1,100 from the NOIR partnership, and
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$3,500 from seeding the IK Agent.
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- DKDEFI tokens have increased in value compared to IQ tokens by 552% in the last 43 days
The next major development goal for DK is the deployment of DK Agent-owned concentrated liquidity pools with an average yield between 90-170% vAPR, which is more than ten times greater than the yield generated by current DKDEFI Fraxswap V2 LPs.
After the necessary ATP Platform infrastructure to enable governance proposal control of Agent Contract tokens goes live, DK will use TWAMM swaps to liquidate 3 million DKDEFI tokens over 30 days. Funds from the liquidation of DKDEFI tokens will be paired with additional DK-owned DKDEFI tokens and deposited into concentrated frxUSD, frxETH, WBTC, and FXS liquidity pools on ra.exchange.
Once the above process is complete, DKDEFI tokens will benefit from approximately $10,000 to $25,000 in additional liquidity, projected to generate an estimated $15,000 to $40,000 per year in swap fees (estimated with DKDEFI tokens worth $0.0015 to $0.004 each).
As DKDEFI tokens increase in value, additional Agent-held DKDEFI tokens will be added to new liquidity positions until DKDEFI tokens are worth $0.20 each, at which point the DK Agent will have 100% of held DKDEFI tokens deposited in DK Agent-Owned-Liquidity, worth an approximate $5 million USD. This is projected to generate an estimated $1 million to $2 million in fees in the first year if DKDEFI tokens remain at $0.20 each.
All financial projections used in this document are conservatively based on the last 43 days of historical DKDEFI LP return data.