KEEPER

KEEPER is the native token of the KeplerDAO ecosystem. It is both a utility as well as a governance token. The KEEPER tokens are not fixed in supply. They are minted on Buy and burnt on Sell, in a way such that the price of the token remains the same on these actions.

The price of KEEPER is governed by the following equation -

$P_b = (MV_{reserves} + MV_{SPV})/N_{t}$

where,

$MV_{reserves} =$ Value of assets in treasury reserves

$MV_{SPV} =$ Value of assets held by the SPV

$N_{t} =$ Circulating supply of KEEPER tokens

Thus the price of KEEPER is directly proportional to the investments made by the SPV. As the SPV appreciates in value, so does the value of the KEEPER token.

This enables us to make sure that on our protocol and for us as a community, there's only one northstar metric which is the value of our investment fund = SPV

Vesting

To incentivize the team, partners and future investors of the protocol, a portion of the KEEPER supply will be reserved in a vesting contract. Whenever someone buys KEEPER, 10% (this value is not fixed and can be changed upon community vote) extra KEEPERs will be minted and sent to the vesting contract. These extra KEEPERs are not deducted from the circulating supply, they will only come into play when they are redeemed. Also, once KEEPER hits 1 billion supply, no extra tokens will be minted. So total vested KEEPER tokens are capped at 100 million.

The distribution of KEEPERs in the vesting contract will be as follows -

Stakeholder	Percentage	Max Supply	Notes
Founders	20%	20mn	Core team
Founding team	5%	5mn	Future employees, consultants
Advisors	10%	10mn	Strategic advisors to the protocol
Partnerships	10%	10mn	Strategic protocol partners
Investors	5%	5mn	Strategic investments from angels/funds
Community	50%	50mn	Working groups from within the community