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Blackhaven’s fee structure creates a self-reinforcing flywheel that rewards both RBT and HVN holders.

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Revenue Sources

The treasury generates revenue from six primary sources:
  1. Yield from DeFi Strategies: Returns from deploying HPN deposits into whitelisted MegaETH protocols
  2. Early Exit Fees: Penalties from users who exit HPNs or bonds before maturity
  3. Backing Arbitrage Module (BAM): Value captured when RBT trades above or below backing
  4. Sequencer Staking Rewards: Yield from staking the treasury’s MEGA holdings
  5. RBT Pool Trading Fees: Fees from the RBT-USDM liquidity pool
  6. HVN Pool Trading Fees: Fees from the HVN-USDM liquidity pool

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Fee Split and Bootstrap Period

To ensure the treasury has sufficient resources to build a strong foundation, there will be a bootstrap period following the launch of the HVN token.
1

Bootstrap Period

100% of all net treasury revenue is directed to the protocol treasury to build Protocol-Owned Liquidity (POL) and fund operations.
2

Revenue Sharing Activation

After the bootstrap period, revenue sharing will be activated.
3

Ongoing Distribution

Fees from net treasury revenue will be allocated to sHVN holders in the form of buybacks, while a portion will continue to flow to the protocol treasury.