> ## Documentation Index
> Fetch the complete documentation index at: https://docs.cashmere.exchange/llms.txt
> Use this file to discover all available pages before exploring further.

# Goat Street

> A 6,666-piece NFT collection that pays its holders a share of real revenue, in the assets they choose.

## What it is

Goat Street turns a 6,666-piece NFT collection into a working claim on real revenue. Revenue arrives
on-chain, is converted into assets each holder picks, and is paid out in proportion to what that
holder owns and how long they have held it.

The engine does not care where that revenue came from — it splits whatever reaches it by weight.
Today what reaches it is **marketplace royalty** from secondary sales, plus **half of every entry
fee**. **Cashmere app revenue, and revenue from the products that follow, are intended to flow into
the same pot.**

**Half of every royalty collected goes to holders.** The other half funds the treasury.

Two things are split that way, and only one of them is a contract: the **entry-fee** split is fixed
in code with no setter, while the **royalty** split is a marketplace setting that whoever controls
that account can change. [Rewards](/goat-street/rewards#where-the-money-comes-from) states exactly
what each one guarantees.

Two things make it different from a conventional staking product.

<CardGroup cols={2}>
  <Card title="Your NFT never leaves your wallet" icon="hand">
    No deposit, no escrow, no lock. The protocol reads ownership; it never takes possession. You can
    list, transfer or sell at any moment without withdrawing anything first.
  </Card>

  <Card title="You choose what you are paid in" icon="chart-line">
    Revenue arrives as ETH. Point your share at tokenized equities — NVDA, AAPL, TSLA and others
    trading natively on Robinhood Chain — or leave it in ETH. Each NFT chooses independently.
  </Card>
</CardGroup>

Your share of every distribution comes down to one number:

```
weight = rarity multiplier (1.00× – 7.20×, fixed at mint)
       × level multiplier  (1.00× – 3.00×, earned by holding)
```

<Callout type="info">
  Goat Street runs on **Robinhood Chain** (chain ID 4663). Every deployed address is listed under
  [Contracts](/goat-street/contracts).
</Callout>

## Where the money goes

```mermaid theme={null}
flowchart TD
    S["Secondary sale<br/>on a marketplace"] -->|royalty| SP["Creator earnings<br/>split 50 / 50"]
    SP -->|"50%"| T["Treasury"]
    SP -->|"50%"| D["The reward pot"]
    E["Entry fee<br/>paid on every registration"] -->|"50%"| T
    E -->|"50%"| D
    X["Cashmere app revenue<br/>and future products"] -.->|"planned"| D

    D -->|"anyone may trigger"| SW["Bought into the assets<br/>each holder chose"]
    SW -->|split by weight| C["Per-NFT ledger"]
    C -->|"anyone may trigger"| W["The NFT's own wallet"]
    W -->|"holder withdraws"| H["Your wallet"]
```

Everything that reaches the pot is indistinguishable once it arrives, and all of it is split by the
same weight through the same ledger. Two streams feed it today — **marketplace royalty** and **half
of every entry fee**. **Cashmere app revenue and future products are intended to be routed there
too**; that is a commitment the team makes, not something a contract enforces, so treat it as
[roadmap](/goat-street/roadmap) rather than as mechanism.

Every arrow that moves value is open to anyone. There is no privileged keeper, no schedule to trust,
and no step where the team decides whether holders get paid.

What the treasury half is for is set out on [Roadmap](/goat-street/roadmap) — as an intention,
because no contract compels it and holders have no claim on what it earns.

## How it works

<Steps>
  <Step title="Register">
    Register your NFT and pay the entry fee it quotes in ETH. This records you as the holder, starts
    your tenure clock, and puts your weight into the pool. **Your NFT never moves** — the fee is the
    only thing that leaves your wallet.
  </Step>

  <Step title="Choose your payout">
    Optionally pick up to three assets from the menu and how to split between them. Skip this and
    your share is paid in ETH.
  </Step>

  <Step title="Earn">
    Whatever has reached the pot is converted and credited against your weight every time
    [the Bell](/goat-street/the-bell) is rung. Meanwhile your tenure clock runs.
  </Step>

  <Step title="Level up">
    At 8.3 days, and again at 22.2, 55.6 and 150, bank the level your tenure has earned — up to
    **3.00×**, stacking on top of your rarity. Nothing is bought and nothing is burned; the contract
    reads a clock.
  </Step>

  <Step title="Collect">
    Rewards are delivered into the wallet that belongs to your NFT, and you move them to your own.
    Selling the NFT transfers that wallet with it.
  </Step>
</Steps>

## The four parts

<CardGroup cols={2}>
  <Card title="Rarity tiers" icon="layer-group" href="/goat-street/tiers">
    Seven tiers, from Intern Broker to King Broker, each with a fixed multiplier from 1.00× to
    7.20×. Set at mint and sealed on-chain before the first registration.
  </Card>

  <Card title="Levels & tenure" icon="hourglass-half" href="/goat-street/levels">
    Five levels, from 1.00× to 3.00×, earned purely by holding. Every NFT climbs at the same rate
    whatever its rarity, and selling resets the clock to zero.
  </Card>

  <Card title="Rewards" icon="coins" href="/goat-street/rewards">
    Revenue converted into the assets you chose, credited by weight, and delivered to your NFT's
    own wallet.
  </Card>

  <Card title="The Bell" icon="bell" href="/goat-street/the-bell">
    The public trigger that runs a distribution. Anyone can ring it. There is no privileged keeper
    and no schedule to trust.
  </Card>
</CardGroup>

## What it runs on

<CardGroup cols={2}>
  <Card title="Robinhood Chain" icon="link">
    Chain 4663. Tokenized equities settle natively, which is what makes stock-denominated payouts
    possible without a bridge.
  </Card>

  <Card title="Chainlink price feeds" icon="chart-line">
    Every conversion is bounded by an oracle-derived floor rather than a pool quote, so a thin
    market cannot fill a swap far from fair value.
  </Card>

  <Card title="Uniswap V3" icon="arrows-rotate">
    Swaps go straight to the pools through our own router. No third-party venue contract sits
    between the protocol and the liquidity.
  </Card>

  <Card title="Token-bound wallets" icon="wallet">
    Each NFT owns a standard ERC-6551 wallet. Rewards accumulate there, and control moves with the
    NFT on sale.
  </Card>
</CardGroup>

## What the protocol does not do

* **It never takes custody.** The collection is read through `ownerOf` and nothing else. There is no
  approval to grant and no token to withdraw.
* **It never walks the holder set.** A distribution costs the same at sixty holders as at six
  thousand.
* **It never pushes rewards to you.** Value is credited to a ledger and claimed when you choose.
  Nothing depends on a bot delivering on time.

<Callout type="warning">
  Rewards here are **promotional**, not dividends or investment income. Holding a goat gives you no
  equity, no shareholder rights, and no claim on revenue or the treasury. See
  [Terms](/goat-street/terms).
</Callout>