Honey DAO will need fees to sustain development and other administrative works. The fee will only be deducted from gains and not from principal investment. The fee will be similar to the performance fee and will be deducted only if the total gain is more than 2x.
The fees will be used for stuff such as :
- Administration (The DAO will be registered, so necessary legal fees and other fees)
- Management (Several investments may require management, as was in the case of TAO Finance)
- Development (The DAO will require updates and upgrades which will require devs)
- Promotion (We can use the fund to promote our portfolio)
- Other stuff (Gitcoin, Funding Dev, etc.)
The fee will only be deducted if:
- The investment results in more than 2x gains
- Will only be deducted from gains