General

The AZKA token and governance framework will be deployed on Arbitrum.

The AZKA token economy has been structured using mechanisms that maintain a balance between demand and supply while also facilitating the core governance utility of the AZKA token as well as granting holders a share of protocol fees. The AZKA protocol creates value by providing a Shariah Compliant alternative to traditional DeFi based money markets. The protocols treasury captures value from the system by introducing protocol fees. These protocol fees will be used to:

i) cover any ongoing protocol costs

ii) conduct periodic token buy backs/burns assisting value accrual to the AZKA token.

iii) Allocating a portion for reinvestment back into azPools and redistributing the azTokens to vAZKA holders.

The AZKA token is purely a governance token. To unlock further utility token holders can benefit from the 2 byproducts (vAZKA and dLP ).