Tokenomics of TETRIS and the veTETRIS model

6.1. TETRIS as the coordination token of the RUBT ecosystem

The Tetris ecosystem is built around three elements:

• RUBT as the “working” on-chain asset. Each RUBT evidences a Monetary Claim against the Issuer of 1 RUB per 1 RUBT, with settlement of that Claim localized.

• Tetris DAO LLC (the Issuer) as a non-profit DAO-LLC administering the RUBT protocol, managing liquidity parameters and the treasury, deploying POL, and building the partner network.

• TETRIS / veTETRIS as the governance and coordination layer that sets protocol rules and partner participation terms in RUBT fee economics (Rebate, liquidity priorities, POL parameters).

Important: TETRIS does not grant rights to dividends, profit distributions, or guaranteed price appreciation. Its practical value arises from influence over rules and access to partner terms when working with RUBT.

6.2. TETRIS serves four practical functions

• Governance participation unit: holding TETRIS enables participation in protocol decision-making. Actual voting weight is expressed via veTETRIS to concentrate influence among long-horizon participants.

• Liquidity configuration tool for RUBT: through Governance, veTETRIS holders decide where and how the protocol strengthens RUBT on-chain liquidity: POL configuration, pool priorities, incentives, and integrations—directly affecting spreads/slippage/capacity.

• “Access key” to partner terms for RUBT volume: for infrastructure partners (banks, PSPs, CEX/OTC, fintech providers, DeFi integrators), holding veTETRIS systemically improves conversion economics by reducing effective fees and securing terms over longer horizons.

• Coordination asset for institutions: institutions aim to secure rules for access to liquidity and fee economics, not to participate in speculative trading. veTETRIS provides such a mechanism: larger long-term positions lead to more stable terms and influence.

6.3. veTETRIS: long-term lock as a source of influence and partner terms

veTETRIS implements a vote-escrow model:

• a holder can stake TETRIS for up to 4 years;

• staking creates a veTETRIS position reflecting amount and lock duration;

• voting weight and partner status decay over time as the lock approaches expiry;

• voting power can be delegated.

The market logic is simple: the best terms and influence are obtained through long-term commitment rather than a one-time purchase, reducing the role of short-term speculation and improving predictability for partners.

6.4. Partner model of veTETRIS: Rebate as a fee return tied to volume

The model targets partners who create meaningful conversion and swap flow and for whom costs, capacity, and predictability are critical.

In Tetris, Rebate is a return/discount on a portion of fees in RUBT on-chain pools (technically implementable through AMM hook mechanics, e.g., Uniswap v4). This is not “interest” and not promised yield; it is redistribution of a portion of fees already paid by the market, in favor of partners who generate volume and maintain long-term veTETRIS positions.

A partner holding veTETRIS may receive Rebate:

• on proprietary operations (e.g., an exporter or a bank/PSP converting RUBT into USDT/ETH/BTC for settlement or hedging), and

• on client-flow operations if the partner’s clients are routed through RUBT infrastructure and correctly attributed to the partner.

Rebate terms for a partner are determined not only by absolute veTETRIS amounts but by rank relative to other holders, creating an incentive to maintain and expand share. In addition, veTETRIS may be delegated to partners by holders in exchange for a share of the partner’s Rebate stream, fostering competition for veTETRIS and improving model resilience.

6.5. veTETRIS Governance: manageability without impulsive risks

Protocol governance is built on:

• veTETRIS voting on key parameters (pools, POL, Rebate scales, major integrations);

• timelock for critical changes;

• multisig at the execution layer for smart-contract changes;

• CRC (Compliance & Risk Committee) as a risk control and emergency perimeter.

This architecture is primarily for institutions: it keeps rules changeable but not “breakable overnight.”

6.6. Sources of model resilience

TETRIS economics rely on several flows supporting the DAO rather than guaranteeing income to holders:

• AMM fees from POL;

• a long-term treasury position in BTC/ETH and RUB/RUBT liabilities;

• the DAO’s share in income of the Agent’s licensed structure after licensing (under a separate agreement; the DAO share may be up to 50% of net income, but terms are to be agreed separately and are not a binding commitment);

• RUBT volume growth through the partner model.

Resilience is driven by:

• the ve-model (long locks and linear decay);

• partner competition for Governance share;

• structural incentives (Rebate instead of emission subsidies);

• a conservative treasury strategy.