Treasury & transparency

Three wallets

Rewards wallet receives the token's creator fees and sweeps them into the treasury.
Treasury holds the funds and handles all SOL movement: payouts, retry payments, top-ups.
Hot wallet does all buys and sells. The treasury keeps it stocked with enough spare SOL for at least 20 buys (two per funded caller once there are more than 10), never more than 15% of the fund's total value (NAV), so buys never wait for a transfer. Sale proceeds above that go back to the treasury within seconds. It never pays anyone.

NAV (net asset value) = treasury SOL + hot wallet SOL + current market value of open positions. Position sizes are a percentage of NAV, so as the treasury grows, everyone's size grows. Before launch there is no treasury yet: the treasury page opens at launch.

What you can verify

The treasury page shows the NAV history, wallet balances (from launch also the rewards wallet's not-yet-swept fees), each open position's live value, how much is deployed (max 30%), the untouchable reserve (30%), every open position, closed positions with PnL, trades and treasury movements, and every buyback and burn, all with Solscan links. The payouts page lists every payout with its transaction.