Protocol Owned Yield

Protocol Owned Yield (POY) is a novel mechanism that functions as a yield alignment layer, designed to distribute value back to the protocol. It serves as a bootstrapping system that rewards early adopters with significant access to the system’s growth while providing long-term users with benefits through value absorption and reward emission, fostering sustained protocol development.

The protocol rewards users with SHHHHHHH, the value absorber token. Holders of SHHHHHHH gain access to the yield generated by the protocol, aligning incentives for long-term participation.

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Core Components

Yield Generation Layer

The Ghost Layer integrates a yield generation mechanism through the Silent Yield Farm, also known as the infrastructure layer. This layer combines various systems, including Real-World Assets (RWA), DeFi, and PoS staking, to rehypothecate assets and generate positive-sum yield within the ecosystem.

Reward Distribution Layer

The protocol distributes value in a fair manner, capturing the yield generated through a balanced system of "value absorption" and "value emission". This creates a harmonic, positive feedback loop that incentivizes strong growth for the protocol.

Through POY, the Ghost Layer provides early adopters with unparalleled exposure to the protocol’s long-term growth.

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Token Structure

POY revolves around two primary tokens (GHOST and SHHHHHHH) and a points system (Silent Points leading to SILENT tokens):

• GHOST: Users earn GHOST tokens by depositing eligible assets into the Ghost Layer.

• SHHHHHHH: Users receive SHHHHHHH tokens by staking GHOST, granting access to all yield generated by the protocol, controlled by SHHHHHHH holders.

• Silent Points (& SILENT Token): The protocol uses its fees to buy back SILENT tokens, which are distributed to Silent Points holders. SILENT holders also receive SHHHHHHH tokens as an additional reward.

User Flow

Users deposit assets into the Ghost Layer, earning Silent Points and GHOST tokens for eligible assets. They can then stake their GHOST tokens to claim SHHHHHHH tokens, which represent the yield generated by the protocol.