Represents MEZO lock-up for a period ranging from 1 week to 4 years. It must be noted that, unlike in the classical veToken model, veMEZO does not confer voting power by itself and only serves to boost voting power obtained by locking BTC.
Note, that locking transforms ERC20 MEZO tokens into an ERC721 NFT representing a user's locked position.
[7] = ƒ(lock_time, price_at_lock, locked_quantity)
Reflects the rebase yield distributed to veMEZO holders for inflationary dilution protection. Typically, when an inflationary token is vote-locked, the relative weight of a user's position decays due to inflation. MEZO somewhat offsets this risk in the vein of AERO (in the form of emissions (rebases) directed to all veMEZO holders).
[2] = ƒ([7], veMEZO_supply, MEZO_supply, emission_total)
emission_total — is the total token epochal emission volumeveMEZO_supply — is the supply of veMEZO; that is, the totality that determines the size of the locked portion of MEZOMEZO_supply — is the total supply of MEZO. Acts as a normalising coefficientAs mentioned in the description of Transferability Restriction, veMEZO does not confer voting power; rather, it boosts voting power provided to a user by his veBTC position. Details of this boost are outlined in the VCIP section.
[4] = ƒ([7], user_veBTC, total_veBTC, user_veMEZO, total_veMEZO)
user_veBTC — is the size of a user's veBTC position (raw voting power)total_veBTC — is the total supply of veBTCuser_veMEZO — is the size of a user's veMEZO positiontotal_veMEZO — is the total supply of veMEZO