$Y2K
- Governance rights
- Lock and receive addittional utilities through $vlY2K:
/ incremental gov. rights
/ revenue shares (50% of protocol fees)
/ $Y2K emission vaults direction

Token vault (ERC-1155)
- Yield on staking (farm $Y2k)

Bonding:
Users who want to get access the token at discount

Staking:
Users who want to farm $Y2K by locking their vault token. Staking demand is more desirable by risk depositors who want to earn on top of premiums

Lock $Y2K and receive $vlY2K for:

Governance:
$vlY2K holders receive additional gov rights

Rev. sharing:
$vlY2K holders receive fees from protocol revenues

Emission direction:
$vlY2K holders receive the right to direct $Y2K incentives

Y2K Finance creates value by offering innovative financial products that allow users to manage depegging risks within the volatile crypto market. Catering to diverse risk profiles, the protocol's products enable users to adjust their exposure to depegging events. The project's competitive edge lies in its unique approach to structured products and the use of the Arbitrum Layer 2 scaling solution. In its roadmap, the team is planning to deploy more products such as Wildfire or Tsunami, that enhance the actual Earthquake, creating additional value to users.  

Value accrual to token:
The token accrues value in the form of the locking mechanism (users receive $vlY2K) which entitles users to revenue share, incremental governance rights over standard $Y2K holders and a say in the direction of $Y2K emission.

Value accrual to protocol:
The protocol (i.e. DAO) captures value through fees that are partially directed to the treasury for future developments & governance-based decisions. The more users will use the platform, the more fees are spent and faster the treasury will increase.

Revenue comes from:
Fees (on deposits, on yield vaults)

Revenue is denominated in:
$ETH - $USDC (bonding)

Revenue goes to:
DAO Treasury - Stakers