$KVORX buyback and burn
20% of every vault fee buys $KVORX on the open market and burns it in the same transaction. Every figure below is read from the chain.
The buyback reserve is not deployed yet, and $KVORX has not launched on pons yet. Every burn will appear here with its transaction once it happens.
Each vault harvest splits its fees: 70% to depositors, 20% to the buyback, 10% to the protocol, which funds what we build.
The buyback share lands in the reserve contract as USDG. Nobody can withdraw it, including the owner. It can only leave as burned $KVORX.
The reserve buys $KVORX on the market and burns every token it receives in the same transaction. Nothing sits in between.
No withdrawals. The contract has no path that sends reserve USDG anywhere except into a buyback.
Daily cap. At most 5,000 USDG of buybacks per 24 hours. The cap can be lowered, never raised.
Router timelock. Changing the swap router waits 2 days, so any change is visible before it takes effect.
The reserve is not deployed yet, so there is no history to read.
The vaults and the buyback reserve are not deployed yet.
$KVORX has not launched yet. It launches on pons.
The reserve's $KVORX address is set once and can never be changed afterwards.
20% of every vault harvest goes to the reserve once vaults are live.
No buyback has been executed yet.
$KVORX may be a token launched outside the protocol. If it has no working burn function, bought tokens go to the dead address (0x…dEaD), which nobody controls, so they leave circulation either way. Figures show - until the contracts exist.