How will dividends be distributed to Republic Note holders?

Note Holders are eligible to receive dividend distributions from the Dividend Pool each time it reaches a threshold amount of $2 million. In the event of a dividend distribution, each Note entitles its holder to a pro-rata amount from the Dividend Pool, after operational transaction fees have been deducted. The dividend distributions may be made in USDC stablecoins. Note holders will be made aware of upcoming dividend distributions at least four weeks prior to such an event.

The parameters of the dividend payment process, like the threshold amount and the form and currency of the dividend payments are subject to change at the sole and reasonable discretion of the Republic management team. 

More information here: https://republic.com/help/category/republic-note#:~:text=What%20do%20I%20need%20to,you%20setup%20the%20wallet%20now.