Treasury
Where the exchange's 4% taker fee goes: the pools it accumulates in, the schedule it's distributed on, and the stock that claims a share of it.
Reading the treasury…
Where the exchange's 4% taker fee goes: the pools it accumulates in, the schedule it's distributed on, and the stock that claims a share of it.
Held across pools
103◇
3 active pools
Revenue, last 60d
568◇
fees booked upstream
Distributed to date
974◇
13 distributions
Next distribution
12 Oct
every 168h
Shares outstanding
10,000
24 holders
Implied stock cap
7.99K◇
at 0.799◇/share
Daily taker fees, split between in-person and bank-to-bank trading
| Period | In-person fees | Bank-to-bank fees |
|---|---|---|
| 08-08 | 5.51 | 0 |
| 08-09 | 18 | 33 |
| 08-10 | 1.15 | 10 |
| 08-11 | 0.39 | 43 |
| 08-12 | 12 | 61 |
| 08-13 | 0 | 0 |
| 08-14 | 0.04 | 0 |
| 08-15 | 1.66 | 0 |
| 08-16 | 4.18 | 44 |
| 08-17 | 0.11 | 20 |
| 08-18 | 0 | 0.02 |
| 08-19 | 0.62 | 5.24 |
| 08-20 | 2.04 | 30 |
| 08-21 | 0 | 0 |
| 08-22 | 0 | 30 |
| 08-23 | 2.6 | 0 |
| 08-24 | 2.88 | 0 |
| 08-25 | 22 | 0 |
| 08-26 | 0.39 | 4.12 |
| 08-27 | 39 | 0 |
| 08-28 | 0.87 | 0 |
| 08-29 | 0.93 | 0 |
| 08-30 | 24 | 1.44 |
| 08-31 | 16 | 0 |
| 09-01 | 0 | 0 |
| 09-02 | 0 | 14 |
| 09-03 | 0.18 | 34 |
| 09-04 | 0 | 0 |
| 09-05 | 0 | 24 |
| 09-06 | 0 | 0 |
| 09-07 | 0 | 7.98 |
| 09-08 | 19 | 0 |
| 09-09 | 16 | 0.02 |
| 09-10 | 0 | 0 |
| 09-11 | 0 | 0 |
| 09-12 | 0.04 | 0 |
| 09-13 | 0 | 0 |
| 09-14 | 4.5 | 0 |
| 09-15 | 0 | 0 |
| 09-16 | 1.43 | 0 |
| 09-17 | 0 | 0 |
| 09-18 | 0 | 0 |
| 09-19 | 0 | 0 |
| 09-20 | 0 | 0 |
| 09-21 | 0 | 0 |
| 09-22 | 0.45 | 0 |
| 09-23 | 0.89 | 0 |
| 09-24 | 0 | 0 |
| 09-25 | 1.09 | 0 |
| 09-26 | 0 | 0 |
| 09-27 | 3.53 | 1.61 |
| 09-28 | 0 | 0 |
| 09-29 | 1.21 | 0 |
| 09-30 | 0.47 | 0 |
The treasury reports 567.95◇ over this window; summing the 4% fee across every trade in history gives 953.58◇. The two differ by 385.63◇ over the same period, entirely on 08-08; every other day matches to the cent.
Where fees accumulate between payouts
revenue · bulba_revenue
stock · 50% of each distribution · bulba_stock_pool
reserve · bulba_reserve
Last run 05 Oct, 23:19
Next run 12 Oct, 23:19
Outstanding
10,000
Float
6,901
Treasury holds
3,099
Holders
24
The stock trades on the same order book as every other item
| Listing | Bid | Ask | Mid | Spread | Implied cap — Mid × shares outstanding | Treasury stake — Treasury holdings valued at mid |
|---|---|---|---|---|---|---|
 Bulba Stock | 0.598 | 1.00 | 0.799 | 50.3% | 7,990.00◇ | 2,476.10◇ |
Implied cap values every share at the current mid. With a thin book, that mid can move a long way on a single order — and the tape behind it is thinner still: 41 shares across 4 trades, averaging 0.771◇, the last on 12 Aug, and every one of them was taken against the house's own ladder rather than struck between two players. Treat it as an indication rather than a valuation.
50% of every distribution goes to the stock pool, on a 7-day schedule
Last paid to holders
0.841◇
▼ 78% on the previous one
Per float share
0.0001◇
6,901 of 10,000 shares
Yield per period
0.0%
at mid
Payback
6,558 periods
at the current rate
Quoted per float share, excluding the 3,099 the treasury holds itself — paying a dividend to the treasury from the treasury is circular, and counting those shares would understate what a holder receives. The per-outstanding figure is shown beside it so the choice is visible. Every yield here divides by a share price from a book that has printed only 4 trades in its life, which is why all three of bid, mid and ask are given rather than one number. Distributions are also growing fast, so the last period is not a run rate.
The 4% taker fee is debited from the trader and credited to the treasury's revenue bank
| Period | Fees collected that day |
|---|---|
| 07-12 | 0.24◇ |
| 07-13 | 0◇ |
| 07-14 | 11◇ |
| 07-15 | 0◇ |
| 07-16 | 0◇ |
| 07-17 | 13◇ |
| 07-18 | 2.59◇ |
| 07-19 | 0.3◇ |
| 07-20 | 45◇ |
| 07-21 | 6.26◇ |
| 07-22 | 10◇ |
| 07-23 | 0.02◇ |
| 07-24 | 7.61◇ |
| 07-25 | 1.3◇ |
| 07-26 | 29◇ |
| 07-27 | 71◇ |
| 07-28 | 60◇ |
| 07-29 | 6.2◇ |
| 07-30 | 4.78◇ |
| 07-31 | 1.33◇ |
| 08-01 | 0◇ |
| 08-02 | 63◇ |
| 08-03 | 2.95◇ |
| 08-04 | 5.59◇ |
| 08-05 | 0.2◇ |
| 08-06 | 33◇ |
| 08-07 | 7.46◇ |
| 08-08 | 9.5◇ |
| 08-09 | 51◇ |
| 08-10 | 12◇ |
| 08-11 | 44◇ |
| 08-12 | 73◇ |
| 08-13 | 0◇ |
| 08-14 | 0.04◇ |
| 08-15 | 1.66◇ |
| 08-16 | 48◇ |
| 08-17 | 20◇ |
| 08-18 | 0.02◇ |
| 08-19 | 5.86◇ |
| 08-20 | 32◇ |
| 08-21 | 0◇ |
| 08-22 | 30◇ |
| 08-23 | 2.6◇ |
| 08-24 | 2.88◇ |
| 08-25 | 22◇ |
| 08-26 | 4.51◇ |
| 08-27 | 39◇ |
| 08-28 | 0.87◇ |
| 08-29 | 0.93◇ |
| 08-30 | 26◇ |
| 08-31 | 16◇ |
| 09-01 | 0◇ |
| 09-02 | 14◇ |
| 09-03 | 34◇ |
| 09-04 | 0◇ |
| 09-05 | 24◇ |
| 09-06 | 0◇ |
| 09-07 | 7.98◇ |
| 09-08 | 19◇ |
| 09-09 | 16◇ |
| 09-10 | 0◇ |
| 09-11 | 0◇ |
| 09-12 | 0.04◇ |
| 09-13 | 0◇ |
| 09-14 | 4.5◇ |
| 09-15 | 0◇ |
| 09-16 | 1.43◇ |
| 09-17 | 0◇ |
| 09-18 | 0◇ |
| 09-19 | 0◇ |
| 09-20 | 0◇ |
| 09-21 | 0◇ |
| 09-22 | 0.45◇ |
| 09-23 | 0.89◇ |
| 09-24 | 0◇ |
| 09-25 | 1.09◇ |
| 09-26 | 0◇ |
| 09-27 | 5.15◇ |
| 09-28 | 0◇ |
| 09-29 | 1.21◇ |
| 09-30 | 0.47◇ |
Daily rather than cumulative, so each bar is what the treasury took that day. 953.58◇ has been collected in total across the market's life — against 11,809 diamonds ever deposited. None of it is destroyed: it accumulates in the pools above and is paid back out to stock holders and the reserve.
Currency crossing the boundary, and what the treasury holds
Deposited
11,809
Withdrawn
0
Net on exchange
11,809
Held by the treasury
103◇
Diamonds enter only by being deposited and leave only by being withdrawn — nothing on the exchange creates or destroys them, which is why net on exchange does not subtract fees. The taker fee moves diamonds from traders to the house banks, where the treasury holds them until the next distribution. The bank-movement crawl hit its page cap, so the deposited and withdrawn figures cover the most recent movements rather than every one.
| When | Trigger | Total | To stock pool | To reserve | Other | Allocation |
|---|---|---|---|---|---|---|
| 05 Oct, 23:19 | scheduled | 1.68◇ | 0.841◇ | 0.841◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 28 Sept, 23:18 | scheduled | 7.57◇ | 3.79◇ | 3.79◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 21 Sept, 23:00 | scheduled | 1.43◇ | 0.714◇ | 0.714◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 14 Sept, 22:17 | scheduled | 46.72◇ | 23.36◇ | 23.36◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 07 Sept, 00:00 | scheduled | 87.75◇ | 43.87◇ | 43.87◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 30 Aug, 23:03 | scheduled | 96.54◇ | 48.27◇ | 48.27◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 23 Aug, 22:27 | scheduled | 94.49◇ | 47.24◇ | 47.24◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 16 Aug, 17:23 | scheduled | 205.06◇ | 102.53◇ | 102.53◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 09 Aug, 17:22 | scheduled | 93.02◇ | 46.51◇ | 46.51◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 02 Aug, 17:21 | scheduled | 202.04◇ | 101.02◇ | 101.02◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 26 Jul, 16:28 | scheduled | 90.22◇ | 45.11◇ | 45.11◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 19 Jul, 16:17 | scheduled | 27.49◇ | 13.75◇ | 13.75◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |
| 13 Jul, 22:27 | manual | 19.94◇ | 9.97◇ | 9.97◇ | 0◇ | Stock pool: 50.0% Reserve: 50.0% |