$BZL · launching soon
$BZL
The bond and fee token of Bezel. Protocols stake it to place prongs. Holders of staked $BZL share in prong fees.
Status
$BZL is not launched yet. The contract address will be posted only on @Bezel_rwa.
There is no contract, no price and no sale. Treat any address shared elsewhere as not Bezel.
Utility
A bond for protocols. A share of fees for stakers.
Stake to place prongs
A protocol must stake $BZL before it can place prongs on any vault. The stake is its bond.
Slashing
If a prong executes without valid proof of its trigger, the placing protocol's stake is slashed.
Fee share
Protocols pay a prong fee of 0.05% of pledged notional per 30 days. 30% of it goes to $BZL stakers.
Fee split
Every prong fee, split 50 / 30 / 20.
50%
Buyback & burn
30%
$BZL stakers
20%
Treasury
- Buyback & burn: Bought back on the open market and burned. Reduces supply.
- $BZL stakers: Distributed to $BZL stakers.
- Treasury: Held by the treasury for development and operations.
Buyback & burn
Half of every fee leaves supply.
Prong fees accrue as protocols keep prongs open. Half of them are used to buy $BZL on the market.
The purchased $BZL is burned. It is removed from supply permanently.
Burn volume follows prong activity: more notional pledged, for longer, means more fees and more burned. Nothing here is a forecast or a promise of value.
