Core Mechanics
How reserves are allocated, seniority is recorded, and reward purchases are settled.
Mechanics Index
- How the Machine Runs: A complete walkthrough from trading-tax revenue to reserves, position weights, settlement and FEED maintenance.
- Belly Reserve & Release: Allocations from unreserved funds, the decay model and the separate eight-hour outflow cap.
- Meals & Seniority: Minimum eight-hour intervals, the 22-notch seniority ladder and position weights.
- Procurement & Settlement: Oldest-meal settlement order, TWAP and slippage checks, fallback conditions and claim boundaries.
- Tax Routing & Fees: Tax receipt, upstream fees, Feeder rewards and the split of remaining revenue: 85% to Belly and 15% for operations.