Mechanism
How creator fees can become DIEM rewards.
Trade
MIEM trades against native ETH on Pons. Pons charges a trading fee, of which the project is entitled to its configured creator share. A trading fee is not automatically a holder reward.
Deposit and split
The administrator receives creator fees in its wallet and deposits ETH into FeeVault, the contract that records the split. Each deposit is allocated 50% to the holder reward budget and 50% to the treasury. Fees still in the administrator’s wallet have not entered this split; the on-chain deposit record does not prove that all creator fees were contributed.
Move and buy DIEM
After the administrator starts a funded batch, the backend coordinates moving its holder budget from Robinhood Chain to Base through Relay, then buying DIEM on the open market. Required approvals and safety pauses still apply. Prices, liquidity, gas and bridge costs affect how much DIEM the budget can buy.
Allocate and claim
An epoch is a defined holding period; a batch is the processing of funds assigned to it. Each confirmed deposit funds the next unscheduled closed epoch, which can be an older period if there is a backlog. The administrator approves the exact window before starting. The deposit’s fees need not have accrued during that same window.
The backend calculates eligible holding weights from finalized transfer history. After DIEM is acquired, allocations are proposed, independently reviewed and activated on-chain. Only then can recipients claim on Base. Closing an epoch alone does not make a reward available.
How your share is calculated
Your wallet earns weight for both the amount of MIEM it holds and the time it holds it during that period. Every balance change is accounted for, rather than using a single snapshot at the end.
Eligibility uses your average MIEM balance over the epoch: wallet weight ÷ epoch duration. Only wallets with positive weight that meet the configured minimum and are not excluded enter the allocation calculation.
A simple example
Suppose a 24-hour epoch has 100 DIEM available for eligible holders. Wallet A holds 1,000 MIEM all day. Wallet B holds 500 MIEM all day. Wallet C holds 2,000 MIEM for six hours and none for the rest of the day. Assume all three wallets qualify and there are no other eligible holders.
| Wallet | MIEM × hours | Weight | Share | DIEM |
|---|---|---|---|---|
| A | 1,000 × 24 | 24,000 | 50% | 50 |
| B | 500 × 24 | 12,000 | 25% | 25 |
| C | 2,000 × 6 | 12,000 | 25% | 25 |
| Total | 48,000 | 100% | 100 | |
Weights are shown in MIEM-hours for readability. The calculation uses seconds, which gives the same proportions.
Holding twice as much MIEM for half as long produces the same weight. Your percentage depends on everyone else’s eligible weight too. Allocations are calculated in DIEM’s smallest units; any rounding remainder is assigned deterministically so the full epoch budget is accounted for.
Claiming your allocation
Claim activated allocations in the App. Connect the eligible wallet and switch to Base. Each epoch is claimed separately, and you need Base ETH for gas. Claiming transfers DIEM to the designated recipient; it does not stake DIEM with Venice or require a MIEM spending approval. An estimate is not a claim.