economics two layers of money

Nothing is taken from the tax

There are two separate pools here and they are worth keeping apart. The tax is money a trade produced. The gain is money the position earned in the market — it did not exist before the position did, and it comes out of nobody's pocket.

two layers tax and gain

The tax layer on top: 2% per trade splits 80% into the vault and 20% straight to holders, with nothing withheld for the project. The gain layer beneath it, fed by the position rather than by any trade: 60% to holders, 40% to the project, and zero whenever the position has not profited.

layer one the tax

2% per trade, split four ways

Share	Bps	Goes to
mktBps	8000	The vault. Becomes leveraged position.
dividendBps	2000	Holders, immediately, through the token's dividend contract.
deflationBps	0	Nothing burned.
lpBps	0	Nothing to liquidity.
project	0	The project takes nothing from this layer.

The four must sum to 10000 and the token enforces it. They are set once at launch and cannot be changed afterwards.

layer two the gain

60 to holders, 40 to the project

Whenever the position has earned at least 0.02 BNB, a wake distributes it. Holders take 60%, the project takes 40%, and both numbers are Solidity constants with no setter — the project cannot move its own share any more than anyone else can.

Holders always take 1.5× whatever the project takes. There is no arrangement in which the project earns more without handing holders one and a half times as much first. And if the position never profits, the project earns nothing at all.

Holders

60%

Paid in WBNB through the token's dividend contract. Claimed, never expires.

Project

40%

To the address written into the vault at creation. No setter.

the jobs what each pays

Every job that has to happen, pays

There is no keeper account here, so each thing that needs doing is worth someone's gas. In normal operation the trigger service does them and no bounty is charged — the wake fee already came out of the treasury. These rates apply when a human steps in because the schedule stopped.

Build the position

25 bps

Of the tax being deployed.

Distribute a gain

50 bps

Of what the unwind frees.

Rebalance

30 bps

Of what it frees. Flat — the rate does not change with health.

Under health 1.10 the hourly cooldown is waived, so a rescue does not have to wait. The bounty itself stays at 30 bps — a rule that caps bleed should not also be the rule that stops someone acting.

running cost measured

What it costs to keep turning

Cost	Rate	Notes
Trigger fee	0.0002 BNB	Per wake. Five minutes when there is work, one hour when there is not.
Build slippage	0.12–0.18%	One flash-funded swap through PancakeSwap V3's deep tier.
Venus borrow	2.62% APR	On the USDT leg. Read from the chain, moves with utilisation.
3× carry	−4.87% / yr	Three units of supply yield minus two units of borrow, before any price move.

The carry is negative and that is not a defect: a leveraged long pays to be leveraged. It means a flat market slowly costs the treasury, and the position has to be right about direction to be worth holding.

The costs above are the honest half

The risks page is the other one.

Read the risks Verify the numbers