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The Foundation

15% of revenue buys USDY (tokenized US Treasuries) 50%, SPYx 30% and QQQx 20%.

The rule

The Foundation never sells principal. Each purchase is recorded with the asset’s index at the time:

  • xStocks reinvest dividends by raising a multiplier. The index is that multiplier.
  • USDY earns Treasury interest through its price. The index is that price.

For every purchase, units held × index now ≥ units bought × index at purchase. Only the units above that line are spent, and all of it goes to Payday. Stock price gains are not yield and are never spent.

This is enforced in the code and again by a database trigger.

Custody

Purchases arrive in the payout wallet and then move to the Foundation’s own wallet, so the hot payout key never holds the vault. Spending yield needs the Foundation key, which can stay offline.

What it is not

  • It is not a price floor for $BRICS.
  • Holding $BRICS gives no right to claim any Foundation asset.
  • It starts empty. Its yield starts at zero and grows from there.

Every position is on the Foundation page and at /v1/foundation.

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