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Everything on this page is intention, not a promise. The rest of these docs describes contracts that are deployed and verified. Nothing here is deployed, none of it is committed to in code, and no dates are given. Judge the project on what is already on chain.

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What exists today

Goat Street converts revenue into tokenized equities and credits them to holders by weight. That is the whole live product, and it is deliberately narrow: one conversion, one ledger, and whatever revenue has actually reached the pot. Two sources reach it today — marketplace royalty and half of every entry fee. Cashmere app revenue, and revenue from the products on this page, are intended to be routed into the same pot. The engine splits whatever arrives, so adding a source needs no contract change; what it needs is the team actually sending it. Half of the royalty, and half of every entry fee, goes to the treasury instead. Today that half is a balance. The rest of this page is what it is meant to become.

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Liquidity farming

The plan is to put the treasury half to work in the same markets the rewards are bought from, and to route what it earns back into the pot that pays holders. Two venues: Uniswap V3, where the engine already buys, and Uniswap V4, where the depth on this chain is going.

Concentrated liquidity farming

Narrow ranges around the current mark on the tokenized-equity pairs, rebalanced as it moves. More fee income per unit of capital than a full-range position, in exchange for active management.

Delta-neutral LP farming

Providing liquidity while hedging the price exposure that comes with it, so what is earned is the fee and the premium rather than a bet on the stock.

Automated liquidity farming

Rebalancing, range moves and hedges run on rules published in advance, rather than by hand.

Options underwriting

Selling volatility against tokenized stock inventory, collecting premiums rather than taking a view on direction. The venue is not chosen yet.
Why these and not something else: the pools that price a distribution are the same ones a position would earn fees in. That makes this adjacent to the live product rather than a new business.
V3 and V4 are not the same job. Goat Street’s router buys through Uniswap V3 today, so liquidity provided there deepens the pools a distribution actually fills against. V4 holds more of the depth on this chain, but the engine cannot reach its singleton pool manager yet — teaching it to is a separate step, and one the engine’s own settings allow without touching the registry, the credit ledger or the frozen rarity table.

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Access

The liquidity tools are open to everyone, and the same fees apply to every user today. Benefits for Goat Street NFT holders may be added later; none are offered now.
Access is a product decision, not a security property. It says who may use an interface. It is not a claim that any contract checks anything about you, and it does not make participation an investment, a share of a business, or a claim on revenue. The Terms apply to everything on this page.

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What would come first

1

Analytics

Publish what the treasury holds and what it earns, before anything is automated. A strategy nobody can audit is not ready to be automated.
2

One manual position

A single concentrated position in one pool the protocol already routes through. Small, visible, reversible.
3

Hedging it

Delta-neutral only once the unhedged version has run long enough to know what it costs.
4

V4 routing, then options

Reach V4’s depth from the engine, then underwrite options — volatility last, because being wrong there is most expensive.
5

Automation, then access

Rules published and running for a while before anyone else’s capital is invited in.

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The honest limit

Revenue funds rewards. The treasury half funds liquidity. That liquidity earns fees and premiums, and those returns are meant to flow back into the pot that buys rewards. Only one link in that loop is a contract. What reaches the pot reaching holders is mechanism — distributing and delivering are open to anyone and the ledger is per NFT. Which revenue is sent there in the first place is not: routing Cashmere app revenue, or anything else on this page, is a plan the team can execute well, badly, or not at all.
Treasury income is not a second reward stream, and holders have no claim on it. Nothing in the contracts routes trading fees, option premium or LP income to holders. What holders are owed is whatever has actually reached the reward pot, split by weight. That is the whole of it — not what the treasury earns, and not what this page intends to send.If the treasury stopped tomorrow, every guarantee in these documents would still hold, because none of them depends on it.