Funds model

Every fund is a ledger with clear stakes.

Your weight in a fund = records × quality × uniqueness. Your stake is your weight divided by the fund's total weight.

On each deal the platform fee is deducted. A share (α) of net goes to earlier funds included via rollover; the rest is split by weight.

net        = gross × (1 − fee)
to_parents = net × α           (split by included_share)
direct     = net − to_parents  (split by weight)
Fund 2025-Q3Fund 2026-Q1Fund 2026-Q3rollover αrollover α
Early contributions keep earning when later funds sell.