ERC-20 Governance and Profit Share Token
OhTokenis a standard ERC-20 token that is used by the protocol for Governance and Profit Share.
name- Oh! Finance Token
The Oh! Finance Token supports calling the
permit()function (EIP-2612 Compliant) for signature-based approvals.
Oh! Finance Tokens represent voting rights in the protocol governance module. Each token transfer stores a checkpoint which can be referenced on-chain to determine a user's voting power at any given block.
Users can delegate their votes to a trusted party or self-delegate to participate in protocol voting.
Oh! Finance Tokens are used as a proxy for protocol revenue. A percentage of total profit generated from all Indexes are redistributed to Oh! Finance Token holders through an on-chain buyback & burn mechanism.