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$OZ

New $OZ Utility

  • Stake $OZ to get yield fees from USDX (10-20 bps)

  • Stake $OZ to get gas fee reimbursement

  • Stake $OZ to earn sequencer fees and activity on Ozean

  • Staked $OZ as collateral to secure bridges, AVSs, restaking, oracle (e.g. Symbiotic)

  • Governance of the L2 ecosystem

    • DAO & stakers manage grants and partnerships

    • Voting over Incentives and liquidity rewards

    • Voting on Ozean Improvement Proposal & upgrades

Commercial Motivations

  • Larger ecosystem scope:

    • While Clearpool established itself as a leader in the private credit space on-chain with over $600m in loans originated, the Ozean network aims to build a comprehensive RWA ecosystem enabling the power of Defi on RWAs, leveraging Hex Trust’s custodial relationships and licenses to onboard assets

  • More partnerships:

    • Ozean is looking to partner with leading RWA players and real-world asset originators to launch their applications and create use cases around RWAs. A first partnership with Hex Trust has been announced, a licensed custodian that will closely partner with Ozean on the USDX/ozUSD yield stablecoin, the Ozean wallet, and a range of other strategic product initiatives involving RWAs

  • Expanding Userbase:

    • Ozean is looking to cater to institutional clients and accredited investors, as well as regular retail from many parts of the world who want to access RWAs on the blockchain, in a compliant and secure environment

Expanding Clearpool into a RWA Credit Platform

  • Yield-bearing Stablecoin

    • Ozean is developing USDX, a stablecoin fully backed by short-term treasuries that is convertible 1:1 with USDC and a yield-bearing ozUSD for staked USDX. $OZ incentives to bootstrap the liquidity and utilities for USDX and ozUSD across DeFi.

  • Oxygen Liquidity Layer

    • Creating a liquidity layer of yield-bearing assets, stablecoins, and major crypto pairs such as BTC, ETH, SOL that is made available to every DEX on the network. Trading will generate returns for LPs to this liquidity pool and $OZ incentives are passed to early seeders of liquidity.

  • RWA Launcher

    • Tokenization of RWA assets with an in-built compliance & KYC layer on the network to enable a seamless issuance framework. Liquid tokenized assets can be used as collateral for lending and leverage on the Ozean network. Custody & management fees will accrue to $OZ stakers.

Use of $OZ

  • Team & partner alignment

    • The previous core team is fully vested while new key team members were hired. 20% of new token supply utilized to align team members and key partners such as Hex Trust. Team tokens will have a vesting schedule of 12 months

  • Token swap incentives

    • $CPOOL stakers will receive the dilution equivalent amount of $OZ upon mainnet launch. Incremental $OZ rewards will be vested over 12 months linearly

  • $OZ incentives to bootstrap activity on Ozean

    • Incentivised airdrop: participants of testnet/Galxe campaign will earn points that result in a $OZ airdrop

    • Incentivise $CPOOL staking for boosted yields on depositing ETH, BTC, Tokenized treasuries into Oxygen liquidity layer $O2

    • Incentivise $CPOOL staking for USDX holders to stake and mint $ozUSD. $CPOOL stakers can get a 20% boost on their $ozUSD holding as rewards

  • Developer Grants/ Ecosystem rewards

    • Provide vested $OZ rewards to key ecosystem protocols to allow them to bootstrap users on the demand side for transactions.

    • 80/20% to native web3 vs non-web3 partners and builders

    • Developer Grants are rewarded based on active users & onboarded users, number of transaction volume milestones.

    • RWA Ambassador program: rewards for most value-adding community members

    • Free gas subscription/transaction for up to $10K worth of transactions for builders/applications on application.

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