Background/Introduction
As outlined here, my take is that the KMP is a stepping stone on the way to the products/implementations that will generate significant fees to fuel yields.
https://forum.kinesis.money/threads/context-of-the-kinesis-minting-programme.3392/
Kinesis has produced a concise Whitepaper:
Here are the T&C of the KMP.
kinesis.money
From these documents, we can see that a minter will incur the following costs
There will be a rebate/reward payment made weekly consisting of
This rebate/reward payment only applies to the first $1m of minted KAU daily.
The direct benefits are
So that's the bare bones of the program.
Let's look at some of the detail and nuances.
Hopefully this will help you determine whether or not the KMP is for you and also provide some useful pointers if you are already participating.
As outlined here, my take is that the KMP is a stepping stone on the way to the products/implementations that will generate significant fees to fuel yields.
https://forum.kinesis.money/threads/context-of-the-kinesis-minting-programme.3392/
Kinesis has produced a concise Whitepaper:
Here are the T&C of the KMP.
Kinesis Minting Programme T&Cs
Get rewarded with gold for each completed mint cycle, with fees paid back.
kinesis.money
From these documents, we can see that a minter will incur the following costs
- mint fee 0.45%
- sell fee 0.22%
- spread ~20c
- transfer to mint, $5 per cycle
There will be a rebate/reward payment made weekly consisting of
- mint fee 0.45%
- sell fee 0.22%
- spread 20c
- reward of 2 basis points of KAU minted
This rebate/reward payment only applies to the first $1m of minted KAU daily.
The direct benefits are
- Velocity yield
- Minter yield
So that's the bare bones of the program.
Let's look at some of the detail and nuances.
Hopefully this will help you determine whether or not the KMP is for you and also provide some useful pointers if you are already participating.
