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Merge pull request #147 from neokry/change-nouns-builder-protocol-rew…
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…ards-wording

Update builder protocol rewards wording
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IsabellaSmallcombe authored Feb 16, 2024
2 parents 489f36a + eb8ab5b commit cd7b5e6
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6 changes: 3 additions & 3 deletions docs/guides/builder-protocol-rewards.mdx
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Expand Up @@ -33,15 +33,15 @@ _Diagram for Builder Protocol Rewards_
1. **Builder DAO Reward** - 2.5%
Builder DAO, the DAO responsible for developing and maintaining the protocol, receives this reward. Learn more about Builder DAO [here](https://nouns.build/dao/ethereum/0xdf9b7d26c8fc806b1ae6273684556761ff02d422/407?tab=about).

2. **Auction Referral Reward** - 2.5%
The auction referral reward goes to the client that facilitates the auction.
2. **Referral Reward** - 2.5%
The referral reward goes to the client that facilitates the auction.

Examples:

- If the auction takes place on https://nouns.build, then the reward goes to Builder DAO which maintains and develops the client.
- If the auction takes place on another website, then the reward goes to the wallet address that is designated by the developer of that website.<br /> \* Websites that want to claim this reward must call the `createBidWithReferral` function on the upgraded contract and pass the reward recipient as the `_referral` parameter.

3. **Founder Reward** - _Optional and controlled by individual DAOs_ <br />
3. **Auction Reward** - _Optional and controlled by individual DAOs_ <br />
DAOs can choose to distribute up to 50% of the auction revenue to its founder(s). This can be applied at the time of DAO creation or post-creation. If post-creation, then the DAO can vote on a proposal to assign this reward.

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