Airdrops

RSRV holders are paid in the index. Protocol revenue mints new HYPE5 and HYPE10 and they are airdropped to holders every day.

The loop#

1. Fees come in
   Mint fees, redeem fees and other protocol revenue.
2. Revenue mints index tokens
   That revenue becomes new HYPE5 and HYPE10.
3. Airdrop
   The new tokens are split among RSRV holders each day.
4. Circulation
   More index tokens are held, traded and posted as rUSD collateral.

How your share is measured#

Your share of an epoch is your time weighted average RSRV balance over the day, not a single snapshot. Buying the hour before the epoch ends earns about one hour's worth, nothing more.

your reward = epoch reward × your average balance / sum of all eligible average balances

Minimum holding#

To be paid for a day, your time weighted average balance over that day must be at least 50,000 RSRV. Holders under the minimum get nothing for that day, and their share goes to eligible holders. Because the average counts the whole day, buying up to 50,000 partway through a day may leave you under the line until the next full day.

Liquidity pools, the burn address and contracts are excluded, so the full reward goes to holders.

Getting RSRV#

RSRV is an ERC-20 token on Elysium. It launched on Montra and trades there: buy RSRV on Montra. Always check the contract address before trading.

Something unclear? Tell us.