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MEZO

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The primary function of the MEZO token is yield-incentivized voting power boosting:

No distinct franchise is begotten
Locked veMEZO boosts the user's voting power originating from his veBTC position.

This means that holders of MEZO cannot hijack the protocol, but also that holders of veBTC need to secure a portion of veMEZO (roughly proportional to their veBTC share) in order to maximize their governance power and therefore the gains thus generated.

1. Yield-Bearing Staking

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This token function represents the yield originating from the protocol's anti-dilution mechanism (rebase emissions). It ensures that long-term holders maintain their proportional ownership of the protocol.

This yield becomes available immediately after the veMEZO token lock-up, with no additional actions required.

The mechanism automatically distributes rebase emissions to veMEZO holders based on their proportion of the total veMEZO supply.
The yield generation is calculated by the relationship between the locked veMEZO supply and the total MEZO supply.