🕵️Objectives

v33-X aims to introduce key innovations that provide:

• Adaptability: Plugins enable gauge support for any yield-bearing asset, making v33-X independent of any single AMM technology that could become outdated. They also open new opportunities to ecosystem incentives outside of DeFi such as web3 gaming and public goods.

• Stability: An immutable price floor for the primary token (TOKEN), allowing DAOs accumulating voting power to assess their risk with confidence in the token's floor price with respect to the BASE token.

• Flexibility: No more lengthy lockups for vote-escrowed tokens. Voters only have locked positions while using their voting power and can initiate a one-week unlock period to release their vote-escrowed tokens and exit the system.

• Sustainability: Call option emissions to gauges. Farmers must provide to take.

• Liquidity: The bonding curve introduces a new concept of Token-owned Liquidity (ToL), enabling deep liquidity and low slippage at every price in its possible range, borrowing against vote-escrowed tokens without risk of liquidation, single-sided liquidity provision (eliminating impermanent loss), and an immutable floor price for the primary token.