pAZUR
pAZUR is a non-fungible token (NFT, ERC-721) issued when a user locks stAZUR for a fixed period of 2 years. Holding a pAZUR makes the holder eligible to receive a proportional share of onchain revenue distributions denominated in USDT, funded by real protocol usage on Azuro.
This mechanism introduces a long-term alignment layer to the Azuro ecosystem. pAZUR is designed for users who are committed to Azuro’s growth and are willing to lock their tokens in return for exposure to protocol-driven revenue flow. It is not an investment product and carries no guarantees of returns.
Key Properties
| Feature | Description |
|---|---|
| Token Type | ERC-721 NFT |
| Backed By | Locked stAZUR |
| Lock Duration | 2 years, fixed and non-cancellable |
| Revenue Share | Distributed in USDT, proportional to locked amount |
| Transferability | Transferable — economic rights follow the NFT |
| Emissions | No new AZUR is minted or distributed |
| Claimable | USDT can be claimed anytime after accrual |
| Network | Ethereum only (Base not supported for pAZUR) |
How pAZUR Works
- User action: Lock AZUR for pAZUR
- Under the hood:
- AZUR is staked → becomes stAZUR
- stAZUR is immediately locked for 2 years
- A unique pAZUR NFT is minted
- Holder of pAZUR is eligible to claim a share of USDT revenue over time
This process is presented as a single, unified step in the user interface. No manual staking or intermediate steps are required from the user.
NFT Structure (Per pAZUR)
Each NFT stores immutable parameters:
| Field | Type | Description |
|---|---|---|
| lockedAmount | uint256 | Amount of stAZUR locked |
| lockedAt | uint256 (timestamp) | Lock creation time |
| unlocksAt | uint256 (timestamp) | Lock end time (exactly 2 years later) |
| claimedUSDT | uint256 | USDT already claimed by this NFT (optional field) |
Revenue Distribution
- Rewards are streamed in USDT and distributed proportionally to all active pAZUR NFTs.
- Revenue comes from real protocol activity (e.g. betting fees, liquidity usage).
- There is no fixed APR and no guarantee of future revenue.
- Weekly distribution volume may vary based on protocol performance.
- All distributions are claimable by the current holder of each NFT.
Example (Illustrative)
- You lock 100,000 AZUR through the interface
- Internally, this becomes 100,000 stAZUR, immediately locked
- A pAZUR NFT is minted:
- lockedAmount = 100,000
- lockedAt = 2025-07-01
- unlocksAt = 2027-07-01
- If total locked = 10,000,000 and weekly pool = $6,500 → You may claim 65 USDT
📌 Important Notes
- Lock is final — stAZUR cannot be withdrawn before unlock date
- stAZUR must originate from Ethereum — Base or other chains are not supported for pAZUR
- pAZUR is transferable, and all claim rights follow the NFT
- No guarantee of income — distributions depend entirely on protocol revenue
- pAZUR is not a financial product and should not be treated as an investment