> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ponzu.app/llms.txt
> Use this file to discover all available pages before exploring further.

# The Distributor

> Ponzu's fee-routing engine. Splits protocol revenue between remaining presale holders, farmers, and Contributors.

## Overview

Every forfeited token, every swap-fee remainder, every penalty that is meant for holders flows through one contract. The Distributor splits inflows live between remaining presale holders, the farm, and Contributors. As presale participants claim and exit, their share decreases and the farm's share increases. No governance votes. No admin keys. No changes after deployment.

Kioke and the Ponzu protocol are **not** Distributor legs. They are paid at purchase (the 5% presale fee) and at Ponzuki (a cut of swap fees) before the remainder reaches this contract.

***

## Income Sources

| Source                                           | Type                         | When           |
| ------------------------------------------------ | ---------------------------- | -------------- |
| Refund penalty tokens                            | Project tokens               | Before launch  |
| Unvested tokens from early claimers              | Project tokens               | During vesting |
| Ponzuki swap fees (input, after LP / Kioke cuts) | ETH on buys, tokens on sells | After launch   |

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## How the split works

Three live seats:

| Recipient       | What they are                        | How weight grows                                                                                                                                               |
| --------------- | ------------------------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Presale holders | Unclaimed bottles                    | Starts with 69% of genesis LP. Shrinks as bottles claim. Hits zero when the last bottle claims.                                                                |
| Farm stakers    | Optional LP farm                     | Starts at **zero** genesis LP. Grows as people stake.                                                                                                          |
| Contributors    | Member-card holders (`MembersVault`) | Residual genesis LP (\~31%). Receives leftover **ETH**. Project tokens never land here — that leftover folds into the farm (or is burned if there is no farm). |

The farm's first cut starts at 0 and only appears once LP is staked. Remaining ETH after the farm cut goes to Presale vs Contributors. Remaining tokens after the farm cut go to Presale vs Farm.

**Presale decays as people leave.** The more claim weight that has already claimed, the smaller the presale remainder. When the last bottle claims, the presale share is gone and ongoing rewards sit with the farm and Contributors.

**Contributors** are member-card holders on that project, not a 15% wallet cut to the deployer. The founder's ETH during the sale is the 1% project purchase fee, paid directly at buy time.

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## Lifetime Rewards

Even after vesting ends, you continue earning rewards for the life of the project. Claim ETH anytime. For tokens, you can only claim once. Because presale positions are NFTs, you can sell on secondary without dumping on the market, or hold and keep collecting. Every swap adds to the claim.

The loyal are rewarded, even after vesting.

***

<Card title="Non-Inflationary Farming" icon="tractor" href="/mechanisms/non-inflationary-farming">
  Stake LP, earn from real economic activity. No token inflation.
</Card>