Whale tax
Daily dividend that skips the biggest holders and weights smaller ones by the square root.
Wallets, smallest to biggest: lit ones are paid
- Runs
- Daily
- a cycle is 24 hours
- Pays
- The smallest 50% of holders, if they did not sell
- Weighted by
- Square root of the balance
- Per-wallet cap
- 3%
- needs 34+ wallets
What happens each cycle
The pool runs this every day, in five steps.
Below the line, the pot rolls into the next cycle.
The rules
- Pays out daily (engine v1).
- Shared out to holders in proportion to their weight.
- Needs at least $25 held and at least 24 hours of holding.
- Only the bottom 50% of holders by balance.
- Sellers: a wallet whose balance was lower at any 30-minute sample than at the previous sample in the epoch is excluded from that epoch.
- Weight: square root of the average balance.
- No wallet can take more than 3% of the branch pot.
- Skipped when the branch pot is under $20.
- System exclusions always apply: protocol and pool addresses, and wallets that bought in the launch block or the first blocks after it.
No wallet can take more than its cap of a cycle’s pot, so the cycle pays out only when at least 34 wallets qualify. With fewer than 34 eligible wallets the pot is not paid and rolls into the next cycle.
The rules are hashed at launch and the hash is stored in the pool contract, so they cannot change afterwards.
What can be gamed
Splitting a balance across many wallets can earn more; the holding floors limit but do not remove this.
In our simulation, a single $500 wallet earned nothing. Split into 20 wallets it took about 13% of a day’s pot.
That is a measurement on a simulated token with 200 holders, not a limit. The pot of a real token and the cost of extra wallets decide whether it pays.
What you have to trust
- A new list waits through a claim delay before holders can claim, so a mistake can be caught. Revvy can cancel a list that is still waiting.
- Revvy’s committer key builds each list. If it were misused a list could favour a wallet. Every list is published and can be checked against the chain, but checking is on you and the community.
- The pool contracts have not had a third-party audit.
More in the reward programs guide and the risk disclosure.
Tokens using it
No token uses Whale tax yet
Be the first: launch a token with this program and its holders’ payouts will show up here.
Launch with this