Bosons ($MASS)

The Soul of the Exofi platform

Non-tradable and non-transferable voting rights within the DAO, only emitted to staked and locked Fermions. The imperative of any economy is “Control the Flow”, which is why through the Boson token, participants critically have control over the emission of Fermions across all ecosystem products, now and in the future.

Users can choose between the timeframes of 1, 2, 3 or 4 years, with the full voting power of 1:1 only accounting, when the user locks it for the full 4 years - otherwise the voting power conversion drops by 25% per year, meaning that if the user for example locks it for only 1 year, his voting weight (i.e. his MASS ‘Density’ would be only a quarter as 0.25:1 => as a more illustrative example, when the user locks 100 Fermions for 4 years, he would receive 100 MASS for voting - However if he would lock them for only 1 year, he would receive “only” 25 MASS voting power for his 100 Fermions. The voting rights are dynamically bound to the duration of your lock - This means, that your voting power automatically adjusts, as the time on your locks ticks away - Effectively reducing your voting power over time, if the user doesn’t interact with the protocol anymore.

However, everyone can increase their stake in the ‘Higgs Field’, to again increase the time-in-lock and thereby voting power. This mechanism incentivises participation not just once or only in the beginning, but continuously over time. Locking liquidity into the ‘Higgs Field’ also activates the ‘Plasma Booster’, which amplifies your default staking reward from the LHC by a significant margin, dependant on the amount staked and length of the lock - In general, the setup is as follows: 1 Year: 2x Rewards, 2 Years: 2.2x Rewards, 3 Years: 2.5x Rewards. And finally 4 years: 3x Rewards. Similar to the gradient in the governance implementation, the rewards also decline over time per algorithm to the predefined values (e.g. If a User would lock the minimum threshold (for max yield) of 300 Fermions for 1 year, thereby granting 2x rewards, the multiple would slowly drop to the default rate of 10% the closer the timer runs to 0). The Users resulting lock position is issued as a tradable NFT, representing the Users overall liquidity position in a tokenized way (as every position is completely unique in it's make up). This directly permits for a single address to own more than one of those NFT locks, making it possible to amass a sort of leveraged position. All of the NFT's balances are cumulative and thereby each lock contributes to the overall $MASS balance.

This also allows for other revolutionary ways to utilize it's liquidity position, e.g. as collateral to borrow against in the SamarQand Lending Market, among other things.

The incentive is obviously to maximize the locked value to simply ensure deep liquidity and a shared and mutual interest in being actively involved in the platform, to equally participate in the governance as a vital point. Aligning the interests of everybody powered by such a self-reinforcing system, the stakeholders (i.e. YOU, the User) are able to gain a larger share of the daily Fermion emission. The voting itself is executed by way of a gasless voting quorum, leveraging simple key signatures. This not only allows the User to prohibitively vote because it's free, but also simplifies implementation into other protocols or specifically apps (e.g. our direct implementation of all the Exofi features including the governance into the Exo Wallet - especially making participation enjoyable, with full push notification support, so the User is always notified and can participate in known fashion with the simple click).

Once the Exofi Protocol matures, we will also introduce other incentivization mechanics like making it mandatory for Boson holders to allocate their votes every cycle (weekly) in order to still receive their rewards. This is a strong dynamic driving interaction with the protocol, as it directly encourages (and literally rewards) participation, benefitting the platform and everybody involved. After all, making decisions and continuing to do so is vital to the survival and long term growth of any community.