TLD Whitepaper
  • Part I: What is The LifeDAO?
    • Introduction
    • Mission
    • Background
      • Islamic finance and insurance
      • Why is conventional insurance not shariah-compliant?
      • Takaful, an Islamic alternative to conventional insurance
        • Takaful vs. Conventional Insurance
        • Takaful in light of the Shariah
    • The LifeDAO: Inspired by Takaful, native to the blockchain
      • Two Funds, Two Entities
      • Risk, Solvency and the Benefit Multiplier
      • Shariah compliance of TLD
    • The Takadao Protocol
      • Takadao’s Technology Stack
      • Takadao Reprotection Pool
  • PART II: The LifeDAO Membership
    • Member Journey
    • The LifeDAO Membership
      • Membership Benefits
      • Membership Privileges
      • Benefit 1: Benefit Payout
      • Benefit 2: Surplus Distribution
      • Benefit 3: Governance Rights
      • Privilege 1: Verifier Incentive Program (VIP)
      • Privilege 2: Contributor Committee
      • Privilege 3: TAKA Token Airdrops
      • Allocation of Membership Contributions
      • Benefits Payout Management
      • Governance and the Contributor Committee
      • Contributor Functions
        • Screen Proposals
        • Endorse and Advocate for Proposals
        • Implement Proposals through Multisig
      • The LifeDAO Investment Pools
        • Investment Conditions
        • Deposit and Withdrawal Mechanisms
        • Governance
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  1. PART II: The LifeDAO Membership
  2. The LifeDAO Membership

Allocation of Membership Contributions

PreviousPrivilege 3: TAKA Token AirdropsNextBenefits Payout Management

Last updated 9 months ago

Every membership contribution that is made to The LifeDAO is allocated to the fund in the following ways:

  • Reserves - Varies according to the expected Benefit Payouts, typically 50-70%

  • Protocol Fee - Fixed 22% paid to Takadao

  • Operational Expenses - Varies according to needs of the DAO as decided by DAO membership, typically around 5%

  • Surplus Distribution to members - Varies, surplus is whatever is leftover in the fund after all Benefits and expenses have been accounted for.

For more details on how each of these allocations are calculated by the Takadao protocol, please refer to the Takadao whitepaper.