Your KBY balance is your relationship tier. Lower vault fees, better borrow rates, premium API access. No staking. Your wallet balance is your tier.
Inspired by JPMorgan's Private Client model. Your on-chain KBY balance determines your relationship level. The tierOf() function reads your wallet at each operation.
Enter your vault deposit size and tier to see your annual savings compared to the standard Public rate.
5.25M KBY allocated across three rounds. Fixed supply. No inflation. No minting after deployment.
Minted once. No additional minting function exists in the contract. Supply can only decrease via burns.
KBY has real utility, real burn mechanics, and real demand from protocol usage.
10,000,000 KBY minted once at deployment. No additional minting function exists. Supply can only decrease via burns.
Hold KBY in your wallet to qualify. Your balance is read on-chain via tierOf() at each vault or credit operation. No lockups.
Real fee discounts proportional to your tier. Vault management fees drop from 2.00% to 0.75%. Borrow APR drops from 8.00% to 6.00%.
OP_20 token on Bitcoin L1 via OP_NET. No bridges, no wrapped tokens, no Layer 2 counterparty risk. Your keys, your tier.
KBY has real burn and buyback pressure from protocol revenue. Every transaction reduces circulating supply.
A portion of every s402 API payment buys and permanently burns KBY tokens. More API usage, less supply.
25% of protocol revenue is allocated to market buyback of KBY. Purchased tokens are burned or redistributed to ecosystem.
Native burn() and burnFrom() in the KBY contract. Burns are permanent, verifiable, and reduce totalSupply on-chain.
| Revenue Stream | Source | KBY Impact |
|---|---|---|
| Vault Management Fees | 0.75% – 2.00% annual on AUM | Tier discount = direct savings |
| Borrow Interest | 6.00% – 8.00% APR on credit | APR discount for Tier 2+ |
| s402 API Payments | Pay-per-call premium data | Fee burns reduce supply |
| Liquidation Penalties | 5% on under-collateralized loans | 25% to buyback |
More deposits create more revenue. More revenue funds supply reduction. Reduced supply concentrates tier access.
KBY is a utility token for platform access and fee tiering. It is not a security, investment contract, share, or promise of returns.
No guarantee of value. The value of KBY tokens may fluctuate and may go to zero. Past or projected fee savings do not guarantee future results.
Smart contract risk. Token functionality is dependent on smart contract code which may contain vulnerabilities.
Regulatory status. Digital asset regulations vary by jurisdiction. KBY may not be available in all jurisdictions.
Not investment advice. Nothing on this page constitutes financial, investment, legal, or tax advice.