Unofficial simulator · The Standard Reserve
BankerCalc
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Your yield / day
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Your share
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License payback
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Bank-run exit fee
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Eq. 5.1: epoch issue I = base × d × m, streamed pro rata: one branch earns base × m / N per day.
Your yield is really a bet on N. Every license anyone buys dilutes you, every branch that retires pays you. The 900M issuance budget (1B cap minus 100M genesis liquidity locked in the pool forever, eq. 3.1) is a countdown: once it runs out, base issuance stops for good. And a line from the whitepaper that few people quote: protocol ETH splits 70% to the active vault, 15% to protocol-owned liquidity, 15% to the team.
Eq. 7.1: license floor ≈ two days of one branch's yield; paid in $STANDARD, 100% burned. Marginal yield of your next branch ≈ base × m / (N + 1).
The payback you see here is the optimistic bound. It assumes N freezes, and N never freezes: 100 licenses sell every day, and each one dilutes yours. Buying at the floor looks absurdly good on paper, which is exactly why the floor rarely lasts. Limits to remember: 10 branches per charter, 3 license buys per charter per day, and every token you pay is burned, not spent.
Eq. 7.1: P(t) = Pstart · (Pfloor/Pstart)t/24h, with Pstart = 2 × yesterday's close (3× for charters).
First come, first served at whatever the curve shows right now. Wait for a cheaper hour and the day's 100 licenses may sell out under you; buy early and you overpay for certainty. The design has one sly property: in contractions the price hits the floor faster, so expansion is cheapest exactly when everyone is scared. The people who show up on red days get the discount. That asymmetry is the whole game.
Eq. 9.1: pressure P = W / max(D + W, ·); fee climbs quadratically from a floor to a ceiling. Half of every fee is burned, half is paid to bankers who stay.
| Pressure regime | 7-day exits | Fee (this model) |
|---|---|---|
| Quiet | 2% | — |
| Elevated | 10% | — |
| Heavy | 18% | — |
| Bank run | ≥ saturation | — |
This is a bank run turned inside out. In a normal run the fastest exit wins; here the crowd at the door raises the fee on itself, half of it burns, and the other half lands in the pockets of whoever stayed. Your rate locks the moment you commit and withdrawals never pause. One more thing: retiring a branch destroys the thing that was earning for you, and retiring the last one burns your charter. Go dormant for 30 days and anyone can report you for a 2% bounty; the revocation fee is 70%, deliberately worse than any exit.