The reserve
Income: harvest and tithe
Two separate lines, always reported apart.
| Harvest | Tithe | |
|---|---|---|
| Paid in | sKRONOS | USDG |
| Comes from | Premium over backing (emission) | Borrow interest, bond spreads, Arena rake |
| Below backing | Stops | Keeps paying |
| Schedule | Every 8 hours | Quarterly, by merkle claim |
How fees are split
Realised fees flow through the RevenueSplitter: 70% to stakers as USDG through MerkleDividends, weighted by Conviction tier, and 30% kept by the treasury, where it lifts backing.