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Performance fee to Moonward
Examples (starting baseline $20,000, hurdle ~1.25%/quarter):
- End of quarter = $19,500 → lost money → fee = $0. New baseline = $20,000 × 1.0125 = $20,250.
- End of quarter = $20,200 → up 1%, under the hurdle → fee = $0. New baseline = $20,250.
- End of quarter = $22,000 → profit of $2,000 → fee = $600 (30% × $2,000) sent to your wallet. New baseline = $21,400.
- End of quarter = $25,000 → profit of $5,000 → fee = $1,500 sent. New baseline = $23,500.