Fees
Everything every coin's pool has produced since the first launch, whether or not it has been withdrawn. The pool charges 1%, 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 bookEach tracker's hedge is held on edgeX by the protocol's hedge wallet: a vault cannot own an edgeX account, so it sends the wallet USDC, capped on chain, and every withdrawal from edgeX pays the vault back. These are the transfers the vaults have made, read off Arc.