Core Idea
ARL is an Ownership Token of the AREAL protocol itself. Just like any Ownership Token represents real ownership of a specific RWA project through a DAO Ownership Company, ARL represents real ownership of the AREAL protocol — including all intellectual property, material assets, products, infrastructure, and economic flows. The same principles apply: a DAO Ownership Company is registered for AREAL, and all protocol assets — tangible and intangible — are legally assigned to this entity. ARL holders collectively own and govern this entity through futarchy.ARL is not a utility token and not a participation token. It is a real ownership token with the same legal structure as project-level Ownership Tokens — backed by a DAO Ownership Company that holds all AREAL protocol assets.
What ARL Holders Own
All rights and assets associated with the AREAL protocol are governed collectively by ARL holders:Intellectual property
Protocol source code, architecture, algorithms, research, documentation, brands, domains, and social accounts
Material assets
Any physical assets controlled by AREAL DAO — infrastructure, equipment, and operational resources
Protocol products
RWT Engine, Native DEX, yield distribution system, launchpad — all products built by and for the protocol
Economic flows
Treasury, reserves, fee revenue, and all income streams generated by protocol operations
Revenue Sources
AREAL DAO generates revenue from four primary sources. ARL holders decide — through futarchy governance — how this revenue is allocated: reinvested, distributed, or reserved.Native DEX fees
0.25% of every swap on the Native DEX flows to AREAL DAO — across all pool types, all pairs, all trading activity
RWT Engine
Revenue from RWT operations — including the 1% minting fee (of which 0.5% goes to AREAL DAO) and 5% of all yield generated by assets held in the RWT Vault
Yield distribution contract
A 0.25% fee on every yield distribution processed through the protocol on behalf of project DAOs
Treasury operations
Returns from active treasury management — liquidity provision, strategic positions, and yield farming
Deep dive: Treasury
How AREAL DAO manages its treasury, provides liquidity, and generates additional yield for the protocol
Protocol Governance
ARL is the sole governance token of AREAL. Through futarchy, ARL holders make all key decisions about the protocol’s development and operations:Key protocol parameters
- RWT minting — minimum mint amount, minting fee percentage, fee split ratios
- DEX configuration — base swap fee, fee distribution, pool creation rules
- Yield distribution — distribution period, fee percentage, deployment parameters
- Risk management — reserve requirements, rebalancing thresholds, safety limits
Strategic decisions
- Which new products to build and launch
- How to allocate treasury capital
- Which assets and positions the DAO should hold
- Long-term roadmap and development priorities
- Partnerships, integrations, and ecosystem expansion
Accountability
Every governance decision flows through futarchy markets — evaluated by expected outcomes, not by votes. Poor decisions reduce token value; strong decisions increase it. This creates accountability through economic reality.ARL vs. Project Ownership Tokens
ARL follows the exact same structure as any Ownership Token, with one key difference — its scope:| Ownership Tokens | ARL | |
|---|---|---|
| Represents | Ownership of a specific RWA project | Ownership of the AREAL protocol |
| Legal entity | Project’s DAO Ownership Company | AREAL’s DAO Ownership Company |
| Assets | Project-specific tangible & intangible assets | Protocol IP, products, infrastructure, treasury |
| Revenue | Project revenue (rent, fees, royalties) | Protocol revenue (DEX fees, RWT Engine, distributions) |
| Governance | Project-level decisions via futarchy | Protocol-level decisions via futarchy |
Summary
Real ownership
Same legal structure as Ownership Tokens — backed by a DAO Ownership Company holding all protocol assets
Four revenue streams
DEX fees, RWT Engine, yield distribution fees, and treasury operations fund the DAO
Futarchy-governed
All decisions — parameters, strategy, treasury — are made through market-driven governance
Protocol parameters
ARL holders set key parameters: minting fees, DEX commissions, distribution rules, risk limits
Primary LP
AREAL DAO actively provides liquidity, earning commissions and strengthening the ecosystem
Development direction
Long-term roadmap, new products, partnerships, and ecosystem expansion — all governed by ARL holders