Mechanics
Tax
Buys and sells in taxed ROTEO pools pay a 2% tax, converted to USDG. The Treasury gets 20% of it at launch, rising daily to 100% on day 30; the team gets the rest.
What is taxed
Buying and selling ROTEO in a taxed pool. Moving ROTEO between wallets is never taxed. Once a pool is taxed it stays taxed, and an address can be exempted only after a public onchain waiting period.
The rate
The tax is 2% today. The Team Safe can set it anywhere from 0% to 5%, and it can never go above 5%.
Where it goes
The tax is split between the Treasury and the team. The team's share starts at 80% and falls every day, following 80% × (1 − days since launch ÷ 30), until it reaches zero on day 30. By the end of the first week the Treasury receives 39% of the tax, by day 15 it receives 60%, and from day 30 on it receives all of it.
Conversion
Collected ROTEO is sold for USDG in small batches, at most 0.5% of the pool's ROTEO at a time and only within 1% of the TWAP, which limits the price impact of each conversion. While the pool trades below the TWAP, conversion waits. Anyone can trigger an eligible conversion.