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Tangent
DDistributions

Every epoch, itemised.

What the book realised, what was paid to holders in USDC, and what stayed in the account to compound. Losing epochs are listed too; they pay nothing and carry nothing forward.

70% paid · 30% compoundedEpoch 7 days
Paid to holders
$4,025
All-time, in USDC
Compounded
$1,725
30% share kept as collateral
Epochs settled
9
7 with a payout
Holders
338
At the last snapshot block
Next distribution
Sep 13, 2026
00:00 UTC on the epoch boundary
D.1

Ledger

One row per settled epoch, newest first. Amounts in USDC. Per-holder figures are the average across holders at the snapshot block; individual payouts scale with balance.

EpochPeriodRealisedPaidCompoundedHoldersPer holderReference
#9Aug 30 to Sep 6, 2026+$1,657.42$1,160.19$497.23334$3.47EP-09-20260906
#8Aug 23 to Aug 30, 2026+$43.88$30.72$13.16306$0.10EP-08-20260830
#7Aug 16 to Aug 23, 2026+$1,077.29$754.10$323.19278$2.71EP-07-20260823
#6Aug 9 to Aug 16, 2026+$57.32$40.12$17.20251$0.16EP-06-20260816
#5Aug 2 to Aug 9, 2026−$245.15----223--EP-05-20260809
#4Jul 26 to Aug 2, 2026+$748.04$523.63$224.41195$2.69EP-04-20260802
#3Jul 19 to Jul 26, 2026+$2,053.48$1,437.44$616.04167$8.61EP-03-20260726
#2Jul 12 to Jul 19, 2026−$61.57----140--EP-02-20260719
#1Jul 8 to Jul 12, 2026+$113.11$79.18$33.93112$0.71EP-01-20260712
Totals+$5,443.82$4,025.38$1,725.16
D.2

How a row is settled

The engine settles the epoch before any transfer is made, so the row exists first and the payment matches it.

1. Close the epoch. At 00:00 UTC on the boundary the engine sums closed P&L over the epoch, net of fees and funding. Open positions are carried into the next epoch unchanged; their unrealised P&L is not part of the row.

2. Split. 70% of a positive result is the paid share; the rest stays in the account as collateral. A negative result yields a row with no payout and no carry-forward.

3. Snapshot and pay. Holder balances are read at the snapshot block and the paid share is distributed pro-rata in USDC. The reference on the row identifies the batch.