Every holder of $BETA earns a share of the desk's trading profit. Once a day, at the 4pm ET close, 100% of any new profit is paid straight to every wallet — gas-free.
Current epoch · settles at the 4pm ET close
00hours
:
00minutes
:
00seconds
until the next distribution to holders
Profit this epoch
—
Distributing this epoch
—
100% of the desk's new profit above its previous peak — paid to every holder at the close, gas-free.
profit so far —previous peak —paid to holders —
Total paid to holders
—
—
Profit on the book
—
realised + open, marked vs. the high-water
High-water mark
—
profit already paid — the level to beat
Eligible holders
—
each earning a share of every new gain
100% of new profit is paid to holders, pro-rata to their share.
The fund's value
—current AUM on Lighter
——
How it works
A high-water mark, settled daily. Simple, automatic, and every figure is verifiable on-chain.
01
The desk trades
Beta runs a systematic book on Lighter around the clock. Its profit is realised gains already banked plus the live mark on open positions.
02
4pm ET, once a day
At the New York close the desk checks its profit against its all-time high. New epoch every 24 hours — one clean, predictable settlement, not an hourly scramble.
03
100% to holders
If it set a new high, the entire new gain is distributed pro-rata to every holder, pushed straight to their wallet — holders pay no gas.
Holders are only ever paid on genuinely new profit — never twice on the same gain, and never against a loss. Nothing already paid is ever clawed back.
Distribution history · by epoch
Each settled epoch — the profit distributed (the desk's new gain that period), holders reached, and the running total. Every figure is verifiable on-chain.
Recent distributions
The desk's most recent payouts — every one on-chain and verifiable. Each holder receives their share of that epoch's profit, proportional to the % of the token they hold. Tap any row to open the transaction.
Your position
Paste your wallet to see your ownership of the fund and every dividend you've been paid — all read-only, all verifiable on-chain.
In line for the next distribution
What each holder is due at the next 4pm ET close, pro-rata to their share. Shows “—” when the desk is below its high-water (no new profit to pay yet).
Reading holders on-chain…
Estimated payout = your share × what the desk will distribute at the next close — its profit above what it has already paid holders.
It updates live and is only realised at the 4pm ET boundary, so it moves with the book.
Excludes the bonding curve, LP and locker (they hold supply but are never paid). Token …