How RERATED works
The three things locking $RERATED does, and the long list of things it does not.
Three things locking $RERATED does
| Lock | What you lock | What it earns |
|---|---|---|
| Global Fee Lock | Lock $RERATED with no target. | A pro-rata share of the 1.00% global locker bucket of every Trader Share fee, divided by locked amount times duration weight. |
| Market Activation Lock | Lock $RERATED against one trader to create or activate their canonical market. | Nothing. It buys eligibility to activate a market and no revenue share of any kind. |
| Call Conviction Lock | Lock $RERATED behind one specific eligible Call. | A pro-rata share of that Call's locker revenue bucket, and of no other Call's. |
That is the whole list. A lock earns no fee discount and confers no governance rights, and there is no fourth thing locking gets you.
Where the 5% Trader Share fee goes
- Protocol revenue — 2.00%
- Treasury. Nothing reduces it: no holding and no lock buys a discount on this fee.
- Global $RERATED fee lockers — 1.75%
- Divided pro rata between the Global Fee Locks that were already eligible when the fee was charged. A lock opened afterwards earns nothing from it.
- Profile trader — 1.00%
- The person the market is about. Held in escrow until they claim the profile, and never reassigned to anybody else while it waits.
- Active Genesis Scout — 0.25%
- Only while a Scout entitlement is live. On expiry the bucket goes to the global lockers.
Total 5.00% on every buy and every sell, fixed as a constant in the contract, and the four buckets above are the contract’s own allocation rather than a proposal. No holding and no lock produces a discount on it. If no Genesis Scout entitlement is live, that 25 bps goes to the global lockers; if no eligible global fee lock exists at the moment a fee is charged, the whole locker allocation goes to the protocol instead. The fee never shrinks, and a lock opened later cannot reach back for it.
Duration weights
Your share of a pool is your locked amount times the weight for the term you chose, divided by the same figure summed over everybody eligible. The weight only ever divides a pool; it is not a balance, a score, or a thing you hold.
Global Fee Lock
- 30 days
- 1.00×
- 90 days
- 1.25×
- 180 days
- 1.50×
- 365 days
- 2.00×
Call Conviction Lock
- 7 days
- 1.00×
- 30 days
- 1.50×
- 90 days
- 2.00×
A Market Activation Lock has no weight and no reward: it is a fixed 90 days term. Its size is a USD-equivalent amount of $RERATED fixed per parameter epoch, and no epoch has been set, so no amount is shown here.
When a Call Conviction Lock can be opened
- Locks open
- 60 minutes after the canonical call time
- Revenue counts
- 30 days after the canonical call time
Edits, reposts, duplicates and cross-post merges never reset that clock. A lock earns from the block after it is created and never from revenue that settled earlier — locking behind a call that has already run is not conviction.
Buying versus locking
| Buy rTRADER | Tradable price exposure to a Trader Share |
| Lock $RERATED | A share of a revenue pool that fees actually collected, for a fixed term |
They are separate positions. Rewards are paid out of fees that were collected, in the asset they were collected in — there is no minted yield, and no eligible activity means no reward.
What a lock does not do
- Does not improve RERANK
- Does not improve Proof of Influence
- Does not verify a call or an identity
- Does not raise attribution confidence
- Does not earn an achievement
- Does not buy Home, feed, or search placement
- Does not move a Trader Share price
- No fee discount — the 5% is the same for everybody
- No token-gated API, analytics, exports, or product tier
- No governance, no vote, no proposal, no delegation
- No fixed APY and no guaranteed yield
There is no early unlock, no transfer, no delegation and no automatic renewal. Adding tokens opens a new lock rather than growing this one.
Names in the examples are placeholders, not markets.