> For the complete documentation index, see [llms.txt](https://kayen-finance.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kayen-finance.gitbook.io/docs/protocol-mechanics.md).

# Protocol Mechanics

- [Protocol Fees](https://kayen-finance.gitbook.io/docs/protocol-mechanics/protocol-fees.md)
- [Community Token: PEPPER](https://kayen-finance.gitbook.io/docs/protocol-mechanics/community-token-pepper.md)
- [Liquid Staking](https://kayen-finance.gitbook.io/docs/protocol-mechanics/liquid-staking.md)
- [Wrapped Fan Tokens](https://kayen-finance.gitbook.io/docs/protocol-mechanics/wrapped-fan-tokens.md)
- [KayenFi V2](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v2.md)
- [Liquidity and Yield Farming](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v2/liquidity-and-yield-farming.md)
- [Impermanent Loss](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v2/impermanent-loss.md)
- [KayenFi V3](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3.md)
- [Protocol Concept](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/protocol-concept.md)
- [Swaps](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/protocol-concept/swaps.md)
- [Fees](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/protocol-concept/fees.md)
- [Oracle](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/protocol-concept/oracle.md)
- [Range Orders](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/protocol-concept/range-orders.md)
- [Concentrated Liquidity](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/protocol-concept/concentrated-liquidity.md)
- [Token Integration Issue](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/protocol-concept/token-integration-issue.md)
- [Limit Order](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/limit-order.md)
- [Universal Router](https://kayen-finance.gitbook.io/docs/protocol-mechanics/kayenfi-v3/universal-router.md)
- [Contracts](https://kayen-finance.gitbook.io/docs/protocol-mechanics/contracts.md)