oTokenomics v2

Introduction The process of claiming voting rewards, claiming rebases, buying more $ZERO, locking into a veZERO NFT, and voting every week can quickly add up from a gas perspective, locking out smaller users from participating in the ecosystem. ZERO aims to fill this void with revamped oTokenomics, powered by Stabl Labs (Retro on Polygon POS and Blueprint on Ethereum mainnet).

oTokenomics v2 Summary ZERO will not require users to execute transactions on the most tedious ve(3,3) functions, such as:

• Locking tokens for voting

• Maxlocking every week to maintain voting power

• Weekly votingClaiming weekly rebases

• Claiming weekly voting rewards

Protocols and users can still use conventional veZERO to vote for the gauges of their choice. However, $oZERO is built as an all in one solution for users who prefer not to manually control their own voting and instead yield automatically. The new oTokenomics will allow ZERO users to benefit from voting rewards (bribes & fees) without actually needing to lock tokens or vote.

Revolutionary ve(3,3) Emissions ZERO gauges will distribute $oZERO as emissions rewards for liquidity providers. $oZERO will be the first ever yield-bearing, auto-compounding options token in DeFi.

Here are some quick facts about $ZERO and $oZERO

• $oZERO allows users to participate in the ve(3,3) ecosystem without the need to execute tedious gas tasks such as voting, locking, maxlocking, claiming weekly rebases, claiming weekly rewards

• $oZERO can be redeemed into maxlocked veZERO at 100% discount at any time

• $oZERO is intrinsically yield-bearing. Simply hold $oZERO to earn yield

• $oZERO can be redeemed as an option according to redemption discount % for liquid $ZERO

• There is no peg to be maintained on $oZERO to $ZERO

• There is no need for rebase in the updated model as $oZERO is autocompounding

• There will be no $oZERO-$ZERO LP

• There is no need or use case for a liquid wrapper for $ZERO

• $oZERO contract acts similar to liveRETRO & liveTHE in that it is an auto-compounding vault where a max-locked veNFT position is held. The vault votes for optimized ROI at the end of each epoch according to the publicly available, open source on-chain algorithm. The vault then claims bribe + fee rewards, liquidates those rewards, buys back $ZERO on the open market, maxlocks it, and adds it to the vault

• Unliked traditional liquid wrappers, users will not need to stake $oZERO to earn yield (simply holding in a wallet is enough)

• $ZERO can be converted into $oZERO if a user buying on the open market wishes to partake in the yield bearing/revenue generating aspects of $oZERO without needing to partake in gas intensive actions

TL;DR The oTokenomics of ZERO will allow for an easier user experience while adding significant buy pressure to the $ZERO token, without taking away traditional ve(3,3) features that many users will still want to use.