of June NGCP, per article
CD—IL / ECONOMIC ACCOUNTING / 43114FULL MONTHS THROUGH —
Who earns what
on Avalanche?
A calculation ledger for production, holder yield, reserve income, and the thin red line captured by AVAX fees. Published article benchmarks remain separate from admitted reconstructions.
0 admitted · 29 runnable · 3 local-fixture-passed · 1 conditional · benchmarks remain separate
Calculated
Observed sample
Published benchmark
Modeled
Unavailable
PUBLISHED BENCHMARK / NGCI—GENERAL
—
—
The income stack
On-chain production——
Holder yield——
Issuer reserve income——
Avalanche Foundation article benchmarks · not reconstructed ledger outputs
of June general income
issuer income vs NGCP
21 unavailable · 8 published · 1 observed sample · 5 calculated · 3 modeled
0 independently reproduced from admitted monthly protocol data02 / MODEL DESK / ACT—365
Rebuild the stack.
Change the disclosed assumptions. The model recalculates issuer income, NGCI, layer shares, and capture immediately. Inputs remain visible—because invisible assumptions are where dashboards go feral.
float × rate × days / 365 × coverage × retainedissuer modelModeled NGCI—general—
NGCP—
Holder—
Issuer—
Modeled capture / total—
Modeled uncaptured total—
03 / JAN 2024—JUN 2026 / PUBLISHED STATISTICS
Production is the weather.
Reserve income is the climate.
The article publishes these summary statistics, not the 30 monthly observations. The dashboard therefore does not reverse-engineer a fake series.
05 / BENCHMARK VS RECONSTRUCTION
Two ledgers. No blurred boundary.
Published Avalanche Foundation benchmarks stay intact. Independently reconstructed values appear only when admitted protocol-month facts exist, and partial coverage remains visibly partial.
Unavailable · 0 admitted protocol-month facts
EVIDENCE COMPOSITION
What kind of fact is this?
NEXT MILESTONE / JUN—2026 / FIVE PROTOCOLS
First complete cohort.
Immutable block range
[86,865,827, 89,166,731)0/5 full-month complete · 0 admission eligible · 1 conditional
Real next milestoneComplete and deterministically rerun the June cohort; publish the first admission-eligible protocol-month facts.
06 / PROTOCOL-MONTH ADMISSION
Open the gate receipt.
DEX, lending, and RWA records expose their exact UTC range, evidence, coverage, reconciliation, failed gates, output root, and immutable vintage. Runnable is never treated as admitted.
07 / FORMULA REGISTER / 38 OF 38
Every metric. Every limitation.
—currently usable
with real inputs
with real inputs
08 / HOLDER YIELD / NAMED COVERAGE
Three names. Seven in the total.
—
09 / EVIDENCE PASSPORT