The Opal Anchor Tier.
This page publishes one rule of the Opal points program: the points floor an anchor holds when it executes the Kerne anchor deposit letter. Held kUSD from an executed-letter founding anchor accrues Opal fragments at a floor of 6.0x the base rate, for the life of the pre-TGE program. It is a points rule, not a yield term. The Kerne anchor deposit letter incorporates these rules by reference, so an executed letter rests on terms published here rather than on its own words.
The anchor floor sits above the public, time-decaying cohort ladder. The public ladder is open to anyone and steps down weekly toward the snapshot; you can read it on the Opal leaderboard. The anchor floor is a separate, higher rate set by an executed anchor letter, not a tier a public mint can select.
Who the anchor tier is for
The tier is not open by minting. It is granted to an anchor that has executed the Kerne anchor deposit letter for a founding deposit, on the letter's terms. The letter is offered to a small number of professional or accredited allocators, for the anchor's own proprietary capital, and it is subject to the eligibility and excluded-jurisdiction gating set out in the letter. Third-party capital routed through a venue an anchor operates is not eligible for this tier. Nothing on this page changes those conditions; the letter governs.
The rule
Held kUSD minted by an anchor that has executed the Kerne anchor deposit letter accrues Opal fragments at a deposit multiplier of no less than 6.0x, that is, six times the base accrual rate applied to unboosted deposits. It is a floor: if the public cohort rate an anchor would otherwise qualify for is ever higher than 6.0x, the anchor takes the higher rate. The 6.0x floor is never reduced for the life of the pre-TGE points program.
The floor is applied to the anchor's designated addresses within one business day of the anchor's first mint, and is maintained for the duration of the pre-TGE Opal points program, or until the program's published termination, whichever is earlier. It is set as an account-level rate, not a one-time grant, so it applies to every fragment those addresses accrue while the program runs.
Accrual is otherwise identical to every other wallet: fragments accrue every hour a wallet holds kUSD, duration-weighted, and the 6.0x floor stands in for the public cohort multiplier in that calculation. The floor attaches to a continuous hold. A full redemption of the position resets accrual to the base rate; we re-apply the held floor on a fresh mint from the same addresses, so a redemption does not permanently forfeit the tier, and a wash round-trip does not multiply it.
Fragments convert pro-rata into the fixed 50,000,000 KERNE Opal community pool (5% of total supply) at token generation, under the same published conversion formula that governs every wallet. The pool is fixed, so a higher multiplier only redistributes shares of that pool toward the anchor. It never inflates the pool, never draws on the investor allocation, and costs no new capital. Points are not yield, carry no guaranteed value, and no token generation event is scheduled or guaranteed.
The founding window
An executed-letter anchor also holds priority of access into a capped founding deposit window, opened around the publication of our external audit report. The window is capped and allocated in the order letters were executed. The specific cap, the number of founding allocations, and the window mechanics are set out in the anchor deposit letter and are subject to final terms; we do not publish those numbers here while they can still move. What is fixed and published is the points rule above.
The lower-friction way to signal intent before executing a letter is the audit-window commitment queue, which holds your public cohort rate while you finish diligence. Read the full token reality first in the token disclosure.
Kerne is infrastructure, not a custodian or an investment adviser. Nothing on this page is investment, legal, tax, or accounting advice, and nothing here is an offer to sell or a solicitation to buy any token or security. This page states program rules incorporated by reference into the Kerne anchor deposit letter; where this page and the executed letter differ, the letter governs. kUSD is a protocol-issued synthetic dollar, not a fiat-backed payment stablecoin; kUSD itself pays no yield for holding it, and yield exists only through the separate skUSD staking receipt, which is gated on the external audit. Opal fragments are a points balance that converts to a pro-rata share of the fixed community pool at token generation; they are not a token, a price, or a yield promise, and no token generation event is scheduled or guaranteed. The anchor tier is offered only to eligible professional or accredited allocators for their own capital, subject to the letter's terms.