Community Token: PEPPER
The $PEPPER Token
$PEPPER is a community token. It serves as a core component of the Kayen Finance ecosystem, designed to facilitate community-driven ownership and align the protocol's growth with its most active users.
Learn more about PEPPER here:
Protocol Buyback Mechanism
KayenFi has implemented a daily buyback mechanism funded directly from on-chain activity.
Funding: x% of all protocol earnings are allocated to the buyback program.
Execution: These buybacks are conducted daily at a randomized time. This approach is intentionally designed to ensure fairness and prevent market participants from leveraging the timing of the transactions.
Transparency: To maintain full transparency with our community, each completed buyback is announced on our official X and Discord channels.
Buyback Methodology
Kayen Finance will operate a dedicated Pepper Buyback DAO. This is an independent DAO, fully separate from Pepper's Main DAO. However, the Main Pepper DAO retains overarching authority over the Sub-DAO's key governance functions.
Our approach prioritizes decentralization, transparency, and auditability in the buyback process.
Buyback Sub-DAO Permissions
The Buyback Sub-DAO operates under two distinct permission levels:
Main DAO Authority: The Pepper Main DAO holds the highest level of control and can enforce any decision it deems necessary over the Sub-DAO.
Kayen Finance Bot Multisig: This permission is exclusively scoped to execute buyback transactions. It can only send transactions that purchase Pepper. No other transaction types are permitted.
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