Dividends.

RWA mode uses standard magnified-dividend-per-share accounting, the same battle-tested pattern used by dividend tokens across DeFi, so distribution stays exact and cheap no matter how many holders there are.

Mirroring balances

On every transfer, the token mirrors each holder's new balance into a per-coin DividendDistributor. The distributor always knows the exact circulating balance of every holder, which is what lets it split incoming USDG pro-rata down to the last unit.

Harvest, convert, distribute

Anyone can call harvestFees(token). It is permissionless: no admin key gates it. A harvest pulls the pool's accrued swap fees, converts them to USDG (real Paxos USDG, 6 decimals), and distributes the holders' share across the distributor. Because it is open to anyone, the community can keep dividends flowing without waiting on the team.

Who earns, and who does not

Only real circulating holders earn. The pool itself, the locked LP position, and the burn address are all excluded from the distribution. That means the fees generated by trading are shared among the people actually holding the coin, not diluted back into liquidity or paid to dead supply.

Claiming is pull-based

Holders read their claimable balance with dividendsOf(token, holder) and withdraw it by calling claim()on the coin's distributor. Payouts are pull-based on purpose: the protocol never pushes USDG during a transfer, so a badly-behaved recipient can never brick a transfer or a distribution. Your dividends sit there safely until you pull them.