DKING, a decentralized finance protocol, has secured a $300 million assets under management (AUM) commitment from a sports gambling hedge fund. This commitment positions DKING among the top 5 to 10 protocols on the Base blockchain. With a 50% annual percentage rate (APR) on the $300 million, the protocol could generate $150 million in earnings, of which a 20% performance fee would yield $30 million. Of this fee, $24 million would be distributed directly to DKING stakers. Additionally, DKING charges a 2% management fee, amounting to $3 million on the committed assets. The team has also teased upcoming announcements, emphasizing the role of AI agents in the current market narrative. The developments have drawn attention within the DeFi community, highlighting DKING's growing influence and potential revenue generation capabilities.