Frequently Asked Questions

The Perpetual Treasury is a decentralized pool of capital managed by the community's **DAO**. Instead of distributing the principal amount of donations, the Treasury invests its assets into low-risk, compounding DeFi strategies.

Only the *yield* generated by these investments is distributed as UBI, ensuring the core funding pool continually grows and provides UBI indefinitely. The treasury's primary goal is sustainability, not fast depletion.

No. The UBI amount is dynamically adjusted based on two factors: the **total yield** generated by the Perpetual Treasury and the **number of verified participants**. The community (via the DAO) also votes on a **Distribution Rate**. This dynamic approach ensures the UBI remains sustainable and that the Treasury continues to compound.

We use a decentralized **Proof-of-Personhood (PoP)** system. This involves combining several verification methods:

• Social Graph Verification: Attesting identity through trusted, established users.
• Hardware Signatures: Optional verification using secure hardware devices (like a mobile phone's TEE).
• Zero-Knowledge Proofs (ZKPs): Allowing users to prove identity without revealing sensitive personal data.

Our goal is secure, privacy-preserving **one-person, one-vote/one-claim** assurance.

Absolutely not. Papaya UBI is a universal program. The only requirement is to successfully complete the **Proof-of-Personhood** verification to establish your unique identity. Once verified, you are immediately eligible to receive the daily UBI payout.

The Papaya protocol is governed by a **Decentralized Autonomous Organization (DAO)**. There is no central company or CEO. Key decisions—like adjusting the distribution rate, approving new investment strategies for the Treasury, or updating the PoP mechanism—are made by verified participants through token-weighted votes.