MV-Shares
The share economy behind the vaults — HEX T-Share style, with a mint rate that only climbs.
What MV-Shares are
When you mint a vault, you also mint MV-Shares. They are your claim on the fee router's dividend lane: 35% of every vault fee, which is 7% of a realised gain at the standard 20% fee. That 7% is one slice in two parts: per $100 of realised profit, $4.90 is MV-Share dividends, credited across every share outstanding by share weight at each distribution, and $2.10 is contribution rewards, shared by the vaults that took profit that epoch, pro rata to their profit. Dividends are paid in stable when you call claim — nothing is sent automatically, and there is no claim deadline.
The mint rate only rises
MV-Shares are minted at a share rate that can never fall. Every vault sealed at target raises it, in proportion to the gain realised against all shares outstanding. That means the earlier you commit, the more shares each dollar buys.
Shares burn when vaults close
When a vault seals or terminates, its MV-Shares burn. Dividends already accrued are settled first, so they stay claimable — only the claim on future distributions ends. While no shares exist at all, the dividend leg of a fee joins the burn, staker and treasury lanes instead.
Boosts: higher targets mint more shares
| Take-profit target | Share boost |
|---|---|
| +25% | ×1 |
| +50% | ×1.25 |
| +75% | ×1.6 |
| +100% | ×2 |
| +250% | ×2.5 |
| +500% | ×3 |
| +1,000% or more | ×4 |
The ladder is fixed in the vault contract. More ambitious targets mint more shares, so the positions that take the most patience also earn the most while they wait.
MV-Shares cannot be transferred on their own. When a vault position is sold, its shares move to the buyer; dividends earned before the sale stay with the seller. See Transferable Vault Positions.