👋Özel
Don't use the protocol right now. The trycrypto pool in Arbitrum is used, which got affected by Curve's hack.
Overview
Özel is an automated crypto fund, compounded of different economic sectors, which drive revenue within, to be later invested in DeFi, and profits distributed between OZL holders.
It introduces the concept of "protocol-owned Dapps". Where in protocol-owned liquidity, the protocol would own the LP tokens derived from other projects as liquidity provision, here the protocol owns the decentralized applications that generate revenue for the system as a whole.
And through the OZL token, this revenue would get encapsulated, and then distributed between all of its users.
Having said that, this is the current state of the system:
Since the only section that's finished is PayMe, this documentation is focused on that area. As more sections are added, these files would be updated upon.
Vision
The goal of Özel is to be a highly profitable protocol, which would act as middleware for user activity, deriving revenue to it, and which would be encapsulated in the OZL token.
The OZL token's goal would be to create the best asset for passive income investment, that can be traded in secondary markets, used as pristine collateral (since it'd have the cashflows to back it up), and seen as a long-term investment.
PayMe
Purpose
Users create an Account which they'll use to receive ETH transfers. Each transfer will get swapped into the stablecoin of their choosing and with the slippage they also designated at the moment of creating the account (if the transfer is initiated in L1, it'll get automatically bridged to L2).
Basically, it allows to get transfers on the only programmable asset in existence (ETH) while protecting yourself from its volatility.
The protocol charges a fee for this service which is deposited in several DeFi protocols (Curve and Yearn at the moment) where it starts generating revenue. This revenue, along the investment fee, can be later redeemed by the users of the protocol.
The revenue distribution occurs using the OZL token, where each ETH transfer to any of the user's accounts will represent a portion of the total fees generated in direct proportion to their OZL balance, which as a percentage.
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