Fees
Everything every coin's pool has produced since the first launch, whether or not it has been withdrawn. The pool charges 1%; Rhea keeps a fifth of it, and the rest is split most to whoever launched the coin and the rest to the protocol, paid in the coin and its quote (USDC, or the backing tracker once a coin has bonded).
Buyback & burn
The protocol's share of every swap fee lands in the buyback contract in USDC and leaves it as Token sent to the burn address. There is no withdraw: everything below is read off that contract.
Lights up once the token and its buyback contract are deployed. How it works.
Hedge funding
Hedge bookA vault cannot hold a Hyperliquid account, so every tracker funds the hedge controller, a NEAR contract, capped on chain. The controller moves the USDC to Hyperliquid through NEAR Intents and back, and is the only signer — via Chain Signatures — of the master account's transfers. These are the vaults' and the controller's own books, read off NEAR.