Users buy NET on Uniswap or mint it through bond sales against the treasury, then stake it to receive sNET. The Distributor mints new NET each 8-hour epoch and the staking contract rebases sNET so every staked balance grows proportionally. The dividend rate is a fixed function of the premium of NET's market price to NAV: zero at or below NAV, scaling linearly to 0.45% per epoch at a 1.75x premium.

NetNet is a reserve-backed token protocol on Robinhood Chain, built on the OlympusDAO v1 architecture. Its treasury holds USDG as the sole reserve asset, with an on-chain invariant that every NET is backed by at least 1 USDG of risk-free value. Idle treasury USDG earns yield in Morpho, capped at 70% of the balance. The protocol also runs a set of separate payout desks and a real-world bond desk.

NET holders are the protocol's shareholders. NetNet Capital Management operates without a policy committee — the dividend formula and the 1 USDG backing floor are fixed on-chain and cannot be modified by governance.

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