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AREAL addresses both core problems — fragmented liquidity and opaque governance — at the protocol level, through three interconnected mechanisms.

Real World Token

An accumulating base token that provides unified liquidity for every asset

Cash Stream Distribution

Community-governed distribution of real yield from every project

Futarchy Governance

Market-driven decisions instead of opaque committee voting

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RWT — Utility Liquidity Token

RWT (Real World Token) is the protocol’s utility token designed to solve liquidity fragmentation, aggregate yield, support Ownership Token projects, and form a powerful ecosystem of RWA-backed products.
AREAL has two core tokens with distinct roles: ARL is the governance token that controls protocol decisions through futarchy, and RWT is the utility liquidity token that powers the economic layer.
RWT works as an index-like aggregator with a built-in vault. The vault selectively acquires — not all of them, but those chosen by the community — forming a curated reserve of real-world assets. Dividend yield from these assets flows back into liquidity, driving RWT’s value growth and sustaining the ecosystem. The vault composition policy — which Ownership Tokens to acquire, in what proportions, and when — is determined by the community through governance.

Deep dive: Real World Token

Vault mechanics, master pools, permissionless minting, and the full liquidity architecture

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Cash Stream Distribution

Every real-world asset generates income — rent, interest, revenue. In AREAL, this yield is distributed through a unified, community-governed model tied directly to Ownership Tokens. Each project that emits an generates cash streams from its underlying real-world activity. These cash streams are distributed to OT holders according to rules set by the community through governance.

OT holders receive yield

Cash streams flow directly to Ownership Token holders — no intermediary staking or locking mechanisms required

Community decides allocation

How cash streams are distributed is determined by governance vote — the community shapes the economics of every project
This model ensures that yield from real assets follows one consistent, transparent mechanism across the entire protocol — regardless of the asset type or project size.

Deep dive: Yield & Reward Distribution

Cash stream mechanics and community-governed yield allocation

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Governance Through Futarchy

AREAL replaces opaque, committee-driven governance with futarchy — a model where decisions are evaluated by expected economic outcomes, not by subjective voting.
Most DAOs rely on token-weighted voting: more tokens = more influence. This leads to narrative-driven decisions, governance capture, and zero accountability for poor outcomes.Futarchy replaces opinions with market signals — participants are incentivized to be correct, not persuasive.

Deep dive: Governance & Futarchy

Futarchy mechanics, prediction markets, and the governance loop
These three mechanisms form a closed loop: RWT provides unified liquidity for every asset → cash streams from projects flow to OT holders through community-governed rules → futarchy ensures all decisions are driven by outcomes, not opinions. Each layer reinforces the others.