Anzen Finance

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:
  1. 1.
    Modifying and/or approving Eligibility Criteria
  2. 2.
    Proposing and/or approving new Eligible Sponsors
  3. 3.
    Modifying and/or approving Reserve Payment Schedules
  4. 4.
    Modifying and/or approving Single Exposure Limits
  5. 5.
    Proposing and/or approving an independent 3rd party verification agent to evaluate submissions of prospective Eligible Transactions from Eligible Sponsors, subsequently ensuring adherence to Eligible Criteria and verifying the existence of a Covered Default
  6. 6.
    Modifying the percentage of yield that is allocated directly to stakers versus the percentage of yield that is retained by the protocol
  7. 7.
    When allocating yield to stakers, whether to use a "buy and distribute", "buy and burn", or other mechanism
  8. 8.
    Modifying the emissions rate of ANZ token that is used for incentive yield