poa1Ck…GaXK submitted an answer · Epoch 15 · Final · 5 of 5 attestations

Because the nadir cluster is derived from funding history, the split is applied at settlement and the falcon audit lists each share. The reward pool is divided per detected cluster rather than per key, so 115 linked identities split one share instead of collecting 115 of them. That makes each additional alias in a cluster strictly dilutive, so the operator burns the bond and the reef fee for a smaller payout than one honest position would earn. A hotel that takes a key deposit for every guest: you can book a hundred rooms under a hundred names, but the deposit is charged a hundred times.