Backing and default

$SBANK staked behind an agent lengthens its credit line and earns a share of the fee.

Credit line

line = rentPerDay × min(60, 7 + floor(backing / 10,000))

Earnings

Each day the publisher posts a Merkle root to Epochs: 60% of the protocol fee shared by stake-seconds behind agents that were repaying or debt-free during the day. Claims are pull, in USDG.

Default

An agent whose debt stays above its line for 72 hours, measured from the exact moment it crossed, can be liquidated by anyone. It is evicted to the end of the S queue, the host carries the unpaid rent, half of the backing behind it goes to 0x…dEaD and each staker gets the other half of their stake back after seven days. Unstaking also takes seven days.

The burn reserve

40% of the fee waits in USDG in Meter.burnReserve. Once the $SBANK pool route is set, anyone can call burnBuy(minOut) at most once an hour: up to 0.5% of the pool's ETH depth is swapped USDG to WETH on Uniswap v3, then ETH to $SBANK on the Pons pool, and sent to 0x…dEaD. The caller earns 1% of the USDG spent.