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If you assume half of your business is from fees on deposits and half is on fees from withdrawals, then the portfolio token does not pay out a share of 50% of fees, but a share of 25% of fees. Or am I reading this wrong?

I didn’t realise it was only the crypto side powering the share drops. I assumed it would be both ways and you would be paid in the dollar tied or euro tied assets. That’s a real shame!