> For the complete documentation index, see [llms.txt](https://honeyfarm.gitbook.io/honeyfarm/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://honeyfarm.gitbook.io/honeyfarm/products/honey-keeper-protocol.md).

# 🛡️ Honey Keeper Protocol

Honey Keeper Protocol, A.K.A. **HKP 🍯**, is HoneyFarm’s unique Buy-Back mechanism to incentivize holders with better advantage as well as to deflate Honey circulation effectively.

**Parameters**

Epoch Duration: 12 hours\
Apply Fee: **0.2 Honey**\
Lock-up: 2 Epochs (12\~24 hours)\
 ✅ EX) An applicant during epoch 1 will be locked until the end of epoch 2.

**Buy-back Reward Explained**

After lock-up period passes, each applicants (wallets) will be randomly selected and applied amount will be bought back.\
\
Random selection counts on each application. (one wallet with 10 applies has 10 odds to be selected)

In case the selected wallet applied less than current buy-back amount, the smart-contract draws another raffle and select another wallet to buy-back. It happens until the current epoch’s buy-back amount drains.

In case the selected wallet applied more than current buy-back amount, only current amount will be bought back and the rest Honey will be returned to the participant.

**To Participate**

* Apply the amount of Honey you want to stake for Buy-Back.
  * Apply at least 0.21 Honey or more considering the "Apply Fee"
* In case you win, you can see BUSD amount on ‘Rewarded’ section. You can withdraw anytime and enjoy high ROI on Honey.
* In case you miss the chance, you can ‘Re-apply’ or ‘Withdraw’ your Honey
* Re-apply also needs apply fee of 0.2 Honey.
* You can apply with additional Honey repeatedly even before 2 epochs pass.
* 3% transfer tax will not be applied when apply or withdraw Honey.