📄White Paper
Background
Koda Capital DAO is a 100% decentralized organization built on top of the $APE ecosystem, focused on building up a portfolio of Yuga assets, following and participating in the adventures of Yuga. Ranging from staking, visiting the otherside, and more…
Members of Koda Capital DAO will get fractionalized ownership of DAO assets (NFTs/Tokens) by minting a Koda Capital NFT for .2 ETH or 55 $APE. All mint funds will be directed to the DAO to purchase $APE generating assets. This can be adjusted to more generalized assets if the DAO requests it.
Members will be able to claim the yields the DAO makes from staking each quarter in our native coin, Koda Capital Coin. Members will be able to exchange coins accumulated from staking protocols quarterly through a private LP funded by Koda Capital DAO
1 $KC ( Koda Capital Coin) = 1 $APE 1 $Ape= 1 $Ape ($APE is not an investment vehicle)
1 $KC ( Koda Capital Coin) is also used as a voting stock within the DAO.
The Ape coin generated to DAO members can be used within the Koda Capital DAO ecosystem in addition to The Otherside metaverse.
Story
Anthro (MAYC #26854) and his companion Rocky (BAKC #8659) were out with their other Ape companions and came across a mysterious treasure map located somewhere in the deep ocean abyss. They decided to set sail on this quest for generational wealth when suddenly they were caught in a storm and found themselves transported through a whirlpool into another dimension known as The Otherside. Within this alternate universe, Anthro and Rocky now have to go on a quest to find their buddies scattered around The Otherside in order to unlock the treasure located somewhere within The Otherside.
Mint Milestones:
1-40 passes minted = $APE coin purchased to max stake MAYC
41-60 passes minted = $APE coin purchased to max stake BAKC
60-2000 passes minted = DAO Funds (Proposals to determine what happens with the funds)
Example (The APY % are always subject to change): Quarter 1 MAYC staking pool is currently
APE Staking Pools
There will be 4 staking pools:
$Ape only
$APE + BAYC
$APE + MAYC
$APE + Paired BAKC
As a DAO we’ll be targeting 3 out of the 4 pools, with a high focus on MAYC BAKC pools. We will acquire necessary assets with mint proceeds.
Below is the projected staking yield:
MAYC: 476%
BAKC: 410%
$APE: 37%
These figures are subject to change
Collection Details
Mint Details:
2000 supply
2 rarities
500 ( MAYC Derivative)
MAYC will receive an additional 10% staking yield from all pools.
1500 (BAKC Derivative)
Price: 55 $APE or .2 $ETH
Leveraging $APE in our minting process allows us to become more involved with the ecosystem as a whole, giving us the ability to immediately start staking without the need of swapping and adding an additional use case to $APE coin.
Early Access Pools:
Anthro (MAYC) / Rocky (BAKC) Exclusive pool access to first 60 minters:
Token Id 0-40 gain access to (MAYC) regardless of NFT rarity minted
Token Id 41-60 gain access to (BAKC) regardless of NFT rarity minted.
Along with access to the DAO pools.
The Ape coin generated to DAO members can be used within the Koda Capital DAO ecosystem in addition to The Otherside metaverse.
Early access pools are possible because @PatelNfts is allowing the DAO to lease his MAYC + BAKC for the next year to gain access into the high yielding staking pools. The funds from the first 60 minted tokens are being used to fund the staking pools for both MAYC and BAKC. This is major for the DAO as we don't have to acquire any YUGA assets right away. The early supporters can contribute to the staking pool and reap the rewards immediately for Q1. With the lease guaranteed to the DAO for a full year, the early benefits will last into the next three quarters.
The long term goal is to build up the DAOs personal assets so it does not need to lease a MAYC / BAKC to partake in the high yielding staking pools. That will be the goal of the DAO using mint funds from token id 60-2000.
Useful Links
Terms & Conditions 😄
*Disclaimer: The first MAYC and BAKC are being provided by Patel. These will be used to max stake in the beginning until the DAO has the funds to acquire their own Yuga assets. Patel will take a 10% cut from the Ape coin staking yields each quarter until the DAO is able to purchase its own Yuga assets. This allows the DAO to take advantage of the very generous Q1 Ape coin staking APY %.
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