King of the Farm

King of the Farm is a daily large buy competition that receives 0.5% of all USDC auction lobby entries. All other USDC percentages in the protocol are calculated after this amount is removed!

At the end of each day, the protocol checks whether there is a winner! The winner is the largest buyer of the day if the top buy of the day exceeds the size of the previous winning buy.

If there is not a winner during the daily check, then the previous winning buy variable is decreased by 2.5% to make it easier to win with time.