All yields are paid from the Master Fee Pool, which is built up throughout the month, from:
- transaction fees (0.45%) generated from transfers of KAU and KAG
- KAU and KAG minting fees (0.45%)
- all Trade transaction fees at the Kinesis Exchange (0.22%).
Kinesis Holders - as a group - are allocated 15% of the Master Fee Pool.
There are separate fee pools for KAU and KAG.
In order to be fairly distributed to participants, Holders yield will be calculated on a daily basis, then aggregated into a monthly payment.
The description below is for KAU only. A separate calculation will be done for KAG, using the exact same rules.
The end of each day is 23:59 UTC. At this point, KAU Holders yield for the day will be calculated for each user, basing on their end-of-day balance. This will be 15% of their *eligible trade transaction fees (as stated above).
A snapshot of each qualifying Kinesis Money account's KAU balance (NB) will be taken along with the KAU held by all other *eligible holders of Kinesis.
Each account's proportion will be the ratio of their KAU balance to the total KAU held by all other *eligible holders of Kinesis.
This ratio will be multiplied by the total Holder’s Yield KAU held by all other *eligible holders of Kinesis, to calculate the amount due to the account.
The amount due to the account for each day in the month will be totalled up to arrive at the payment amount for the account for that month.**
The actual amount of coins in circulation may be higher, since some accounts might be blacklisted or not fully KYC verified, which makes them ineligible. To be fair to all Kinesis Money account holders who are eligible, Kinesis will calculate their holding proportion based on the other qualified holder's quantity.
* In order to become eligible for the holder’s Yield, the account holder must be fully ID-verified through the KYC process (tier 3) and cannot be blacklisted.
** Please note that although the Holder’s Yield proportion is calculated daily, the yield itself is not calculated daily. Kinesis uses the End-of-Month fees to equally distribute the yield, based on the daily proportion of each user. The Holder’s Yield fee pool is determined at the end of each month and treated as if the fee was generated equally each day of the month.
What is the Kinesis Money account's KAU balance (NB)?
A Kinesis Money account's KAU balance will be the sum of the KAU that they have in their Kinesis Money KAU Account, plus any KAU held in the integrated wallet and in any external wallets that are linked to their Kinesis Money account.