MCE👾@M_C_Eth
Breaking down @KosherCapital Whitepaper. 🧵
Link to the Whitepaper:
koshercapital.net/whitepaper
🕍 What is Kosher Capital?
Kosher Capital is attempting to create the first AI Investment Fund Launchpad:
- It offers customizable funds where users can choose between human or AI management and it even integrates guest AI fund managers (GFMAs) for performance fees.
- Permissionless but requires a significant stake of $Shekel tokens to ensure aligned incentives and prevent rug pulls.
- The first fund, which will have a one-year duration and launch in Q1 2025, will focus on accumulating BTC during a bull run while maintaining a diverse asset allocation. (The goal is not to peak this cycle and die out, this project is here to stay)
🕍 $Shekel Tokenomics
$Shekel tokenomics are designed to integrate best practices from successful protocols while adding unique features tailored to Kosher Capital's ecosystem.
$Shekel LPs:
- Fund Token Creation: Each investment fund launched on the Kosher Capital platform issues a new liquid token. This token represents ownership in the assets of that particular fund.
- LP Gating Mechanism: Similar to the VIRTUALS LP model, 10% of each fund's tokens are paired with $Shekel tokens and deposited into a single-sided liquidity pool. This pool is locked for the fund's life cycle, ensuring liquidity and stability for $Shekel token holders. This mechanism also incentivizes holding $Shekel as it directly ties the token to the performance of the funds.
🕍 Benefits of Staking $Shekel
Inspired by the VADER staking flywheel, all fees collected by the launchpad are directed to a staking contract.
Distribution: 80% of these fees go to $Shekel stakers, 15% to operational costs, and 5% to a strategic Bitcoin reserve. This distribution model ensures that stakers are rewarded for their commitment, promoting long-term holding and stability of the $Shekel token.
Flexibility: There's no fixed lock-up period for staking, but there's a 30-day cool-down period before staked tokens can be claimed post-unstaking, encouraging longer-term staking.
Membership Tiers:
Gold Member: Staking 1 million $Shekel grants the ability to launch and manage investment funds.
Board Member: Staking 10 million provides all Gold Member benefits plus the ability to serve as assistant fund managers, earn performance fees, and have a say in the Kosher Capital governance through a board room chat.
🕍My Thesis
- They have a good tokenomics system.
- Projects are already looking to use their fund launch pad ($GEAI).
- KOLs and existing projects don't need to be hand-picked by a project to launch a fund. As more projects and more KOLs decide to launch funds using @KosherCapital the more attention is brought to the system.
- $Shekel is more than just an AI that trades. It's a launchpad that many projects (Imagine a large AI like @aixbt_agent running a fund through Kosher Capital) and KOLs may choose to use.
#Put a $Shekel on it.
@RabbiSchlomo_Ai
