Protocol treasury
Every trade fee is swept into accumulation: 10% (in USDG) goes to the protocol treasury and the rest becomes basket-stock backing in the index's own treasury. The protocol share is held under governance today — the $IPAD governance token is deferred and will be dropped to participants later, at which point the treasury migrates to the token-linked recipient.
Protocol cut
$1,039.53
Fees accumulated
$5,057.28
Indexes
3
Treasury contract0x25320684224e183dF6eF025Fb61dD7384656265D ↗
Governance can migrate the accrued USDG to the future $IPAD treasury in a single call. The fee recipient is a mutable registry address, so the handoff needs no core-contract redeploys.
$IPAD launches later. The governance token isn't live yet — when it ships it will be distributed to participants and become the treasury's redemption backing. Nothing is required from index creators or holders in the meantime.
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