zLOT tokenomics

Introducing zHEGIC and ZLOT

The protocol has 2 tokens:
- zHEGIC, the share of the pool.
- ZLOT, the governance token.

zHEGIC

This token allows the protocol to track the share and performance of the staking lots within zLOT’s pool. When the pool is launched, the zHEGIC exchange rate begins at 1 zHEGIC = 1 HEGIC and the exchange rate increases equal to the protocol performance.

Functions:
- deposit: deposit HEGIC to mint zHEGIC.
- withdraw: burn zHEGIC to get HEGIC.
a) If you deposit after 10/10 and withdraw before the 7 days period, you will have 0.3% withdrawal fee .
b) if you deposit after 10/10 and withdraw after the 7 days period, you will have 0% withdrawal fee.

The withdrawal fee is set to prevent griefing on the protocol.

ZLOT

ZLOT is the governance token for the zLOT protocol, token holders will have the right to:

• vote on changes for the protocol.
• receive 10% of the profits from the protocol (performance fee).
• receive 0.3% of the withdrawal fees from the protocol.

The ZLOT token will be distributed as follows:

• 2222 ZLOT — zHEGIC / HEGIC (LP token UNI)
• 2222 ZLOT — zHEGIC / ETH (LP token UNI)
• 2222 ZLOT — HEGIC / DAI (LP token UNI)
• 2222 ZLOT — ZLOT / DAI (LP token UNI)

The distribution period will begin 24 hours after the LotManager contract is connected to Hegic’s v888 contracts and will last 4 weeks.

There is no mint function on ZLOT therefore there will be no further emission.