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DA holders can use eligible DA through manual sale, scheduled Auto-Sell, or lending. Payouts, burns, fees, eligibility, and collateral processing are governed by the current smart-contract parameters.

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How can DA be used?

Manual Sale

Receive the current 75% payout in USDT. Processed DA is burned.

Auto-Sell

Receive the current 70% payout when scheduled processing occurs. Processed DA is burned.

Lending

Use an eligible DA batch as collateral at the documented 70% LTV.

Holding

Keep DA until an eligible manual action or scheduled Auto-Sell event.

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Manual Sale

On an eligible manual sale, the user receives 75% of the calculated DA protocol value in USDT. The processed DA is burned, and the remaining protocol share follows the active allocation.

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Auto-Sell

If DA is not sold manually, the protocol processes the remaining batch over four scheduled periods. Each event uses the protocol price available at execution.
Protocol Reward Cap interaction: Eligible DA-sale payouts reduce the user’s remaining Protocol Reward Cap. If the cap is zero, the proceeds are processed according to the active DAO-controlled routing rule.

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Lending

Eligible holders may use a complete DA batch as collateral for a USDT-denominated loan. The current LTV is 70%, and the one-time issuance fee is applied under the current protocol parameters.

Full Lending Mechanics →

Loan parameters, calculation, price snapshot, partial repayment, and default processing — all on a dedicated page.