Last is a revenue-generating network that incentivizes growth by reinvesting cashflow back to users. The network features a twin-chain protocol design with a high-throughput, low-fee EVM L2 backed by an L1 Utility Chain. Together generating chain-owned revenue from numerous and ever-expanding sources. The twin-chain is a new blockchain design where the base layer is a decentralized Utility Chain that provides infrastructure services, most notably securing cashflow-enabled assets wrapped into the EVM L2 execution environment called the Last L2. A vote-escrowed gauge (veGauge) emissions system on the L2 incentivizes users to bring cashflow-positive assets into the network. These assets are all yield-bearing and contribute to the long-tail sustainability of the network with positive cashflow.

Over time, the chain builds itself a highly diversified basket of yield-bearing assets comparable to a structured product.

Last achieves a diversified yield-bearing asset vault structure with native gauge staking.

Last allows users to deposit assets, either bridged or assets from the native Last ecosystem, into the gauges to receive emissions as an American call option for the LAST token (oLAST).
The assets can then be used to source liquidity for the native swap market and other DeFi use cases.

LAST can be converted to veLAST, which governors stake into gauges.

This directs the proportion of oLAST emissions to stakers in each gauge.

Gauge contracts also have a native incentive feature, commonly referred to as a bribe market, where anyone can provide a token incentive to veLAST stakers to vote for the Gauge.

veLAST governors also have soft governance power over adding additional sources of revenue enshrined in the Last Network protocol, and for foundation grants, investments, and other ecosystem initiatives.