KPI options are synthetic tokens that will pay out more rewards if the KPI grows to predetermined targets before a given expiry date. Every KPI option holder has an incentive to grow the KPI because their KPI option will be worth more. This aligns individual token holder interests with the collective interests of the protocol.
The B.Protocol KPI option is designed to incentivize B.Protocol TVL growth and be used for liquidity mining rewards. At expiry, if the TVL of B.Protocol is at or above $150m USD, each KPI Option will be worth 3 BPRO collateral. If TVL is below $150m USD, each KPI Option will be worth 1 BPRO.
UMAverse is used to mint KPI options by the B.Protocol team. The B.Protocol team has already minted the KPI Options. Please confirm with the B.Protocol team before minting tokens.