How does Republic make money?

Recurring interviewer questions in the corpus center on 'how Republic works, makes money, and curates deals' [research]. The dispatches describe the Republic Note as fed by 'commission flows' and 'carry splits' — pointing to deal commissions and carried interest as revenue inputs to the Note's dividend pool [dispatches].

Beyond that structural signal, this corpus does not contain a detailed, founder-stated fee schedule or revenue breakdown. The platform's early scale is documented: Year 1 (2017) saw $1M total platform volume across the entire platform [existence-graph, 2017].