Full Mechanics (Time-Layer Overview)

1️⃣ Treasury Core Purpose (in Jenex System Role)

Treasury is not just a reserve wallet — it is:

✅ Shock absorber

✅ Buyback funding source

✅ Liquidity backstop

✅ Long-term protocol equity layer

✅ Market confidence anchor

Think of it as protocol retained earnings + central bank buffer + growth engine

2️⃣ Treasury NET Profit-Primary Sources (Ranked By min exp Impact)

Source #1 — NET Trading Fee Capture (Primary Engine)

Flow

User Trading Volume
→ Fees Collected
→ LP Paid Portion
→ Remaining → Protocol Fee Share → Treasury

Why This Is Dominant

• Scales directly with volume
• Fully organic
• Not dilution-based
• Compounds with adoption

Expected Long-Term Share

60–75% of treasury growth