Token Utility
The ANZ token holds no inherent value. It will launch with the sole use case of being used for governance.
ANZ token holders can stake their ANZ to earn incentive tokens. Staked ANZ will grant veANZ (voter escrow ANZ) for governance.
The scope of governance for ANZ token holders can be expanded over time. Some potential proposals that governance holders could have influence over are:
Modifying and/or approving Eligibility Criteria for assets that are allowed as loan collateral on Anzen
Modifying and/or approving Credit Exposure Limits based on asset classes, geography, or other criteria.
Proposing and/or approving an independent 3rd party verification agent to evaluate Eligible Collateral Assets, subsequently ensuring adherence to Eligibility Criteria
Modifying the percentage of yield that is allocated directly to stakers versus the percentage of yield that is retained by the protocol
When allocating yield to stakers, whether to use a "buy and distribute", "buy and burn", or other mechanism
Modifying the emissions rate of ANZ token that is used for incentive yield
Last updated