TAKA for Staking - Reprotection Pool (rePool)

The concept of the Reprotection Pool (rePool) has come up previously in this paper. rePool is a core manifestation of the power of the Takadao ecosystem as it acts as an external pool of reserves that can be called upon in case any of the tDAOs experience unexpectedly high loss ratios. It uses the TAKA token as its native token and allows the Takadao community to participate in “reprotection” of the tDAOs while earning yield. Individual tDAOs do not have the ability to accumulate additional reserves outside of the existing reserve pools, but this is made possible by Takadao’s staking protocol, RePool.

The rePool works by getting TAKA token holders to lock up their token for a period of time. This action of locking up TAKAs benefits the ecosystem in general as it contributes to price stability of the token. For this service, Takadao shares a portion of its revenue with rePool stakers who receive it as yield that is distributed regularly.

In addition, rePool stakers promise that in the unexpected event that a tDAO’s reserves fall below a pre-agreed acceptable threshold, the funds in the rePool will be made available for Takadao to make a 0% interest loan to the tDAO to cover Benefits shortfalls up to a pre-agreed threshold. This 0% interest loan will subsequently be repaid with the future surplus of the tDAO fund. This effectively means that RePool stakers will have their tokens locked up for a longer time, the time it takes for enough surplus to accumulate to repay the loan.