Non-transferable voting token to govern and vote on auction emission weights. Earns a portion of swap fees, borrow fees, oSPHERE emissions, 100% of the finds yield. Voting Power: Amount of votes available. Credit: Amount of wS that can be borrowed from the bonding curve. Debt: Amount of wS owed to the bonding curve.

Emission token distributed to auctions. Call option on SPHERE. No expiration, 1 wS strike price.

Primary token backed by wS liquidity in the bonding curve. Immutable floor price of 1 wS/SPHERE.