Protocol Reserve and discretionary buybacks

Protocol Reserve allocation

40% of CARRY protocol revenue (0.80% equivalent of ordinary trading volume) is allocated to the Protocol Reserve.

Intended for development, infrastructure, security and audits, ongoing protocol expenses, additional protocol/vault reserves where appropriate, discretionary CARRY buybacks, and other protocol maintenance needs. No specific use, amount or cadence is guaranteed.

Protocol Reserve custody and control remain unresolved. No specific use or automatic spending of the allocation is guaranteed.

This public label describes the economic purpose of the recipient; it does not change the frozen router’s internal identifiers or approve a custody model.

Separate buybacks

Planned launch configuration: Pons native buyback disabled. Final Pons configuration will be re-verified immediately before launch. Protocol Reserve funds may be used for separate discretionary CARRY buybacks. All CARRY acquired through CARRY’s own approved buyback process is burned. Buybacks have no guaranteed percentage, cadence or amount.